SingTel Q4 earnings rise 4% to $898m
Earnings growth comes despite weaker regional currencies
Published on May 16, 2014 10:15 AM
SINGTEL'S latest profit report has been dragged down by weaker currencies in markets where it has operations, including Australia, Indonesia and India.
But the telco still recorded a 4 per cent rise in fourth-quarter earnings to $898 million.
That would have been a 13 per cent jump had currencies been constant, SingTel said yesterday.
As expected, revenue for the quarter ended March 31 fell 8 per cent to $4.12 billion.
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We will leverage our network expansion and increased penetration of 4G devices to drive customer and data revenue growth.
- Ms Chua Sock Koong, group chief executive officer