SINGAPORE Telecommunications reported a 9% rise in annual profit on Thursday, driven by solid performances from its Optus unit and regional associate Airtel, and announced a S$2 billion ($1.55 billion) share buyback over the next three years.
SingTel, Southeast Asia's largest telecom firm, said its underlying net profit for the full year ended March 31 was S$2.47 billion, up from S$2.26 billion a year earlier, but slightly below the Visible Alpha consensus estimate of S$2.56 billion.
