SingTel Q4 profit falls 33%, sees higher Ebitda this financial year
(REUTERS) - Singapore Telecommunications Ltd, South-east Asia's largest telecommunications operator, posted on Wednesday a 33 per cent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.
SingTel, Singapore's largest company by market capitalisation, earned $868 million in the three months ended March, down from $1.29 billion a year ago.
The Singapore telco's underlying net profit - which excludes one-off items - dipped 2 per cent to $1 billion from $1.02 billion a year ago.
Despite the weaker result, SingTel said it will pay a final dividend of 10 cents a share, up from 9.0 cents a year ago.