Singapore Telecom first quarter net profit up


  • TECH
  • Thursday, 11 Aug 2016

Customers walk out of a Singtel shop at a mall in Singapore May 11, 2016. REUTERS/Edgar Su

SINGAPORE: Singapore Telecom (Singtel) reported a slight annual increase in its first quarter net profit, boosted by robust mobile data usage and strong contributions from its regional associates. 

Net profit growth in the three months to June however was weighed down by the absence of exceptional gains which had boosted earnings in the same period the year before, and a strong local dollar, Singtel said in a filing with the Singapore Exchange. 

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