SingTel Q4 profit misses expectations, hit by currency losses


A SingTel logo on a building overlooking the skyline in Singapore in April 1, 2014. South-East Asia's largest telecommunications operator said net profit was S$898mil (US$720mil) in the January-March Q4 quarter - AFP Photo.

SINGAPORE: Singapore Telecommunications Ltd's fourth quarter net profit climbed 4% from a year earlier but came in shy of analysts' expectations, hurt by unfavourable exchange rates and a lacklustre performance from its group enterprise business.

South-East Asia's largest telecommunications operator said net profit was S$898mil (US$720mil) in the January-March quarter, missing an average forecast of S$968mil from five analysts polled by Reuters.

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