Singtel's annual profit plunges to decades low on Bharti Airtel charges

Shares of Southeast Asia's largest telco fell as much as 4% after it reported a net profit of S$1.07 billion ($754 million) for the year ended March - the weakest since at least 1998.

SINGAPORE: Singapore Telecommunications Ltd's annual net profit plummeted about 65% to the lowest in more than two decades and it did not provide forecasts for the current year, citing uncertainty due to the Covid-19 pandemic.

Shares of Southeast Asia's largest telco fell as much as 4% after it reported a net profit of S$1.07 billion ($754 million) for the year ended March - the weakest since at least 1998.