Singtel posts 21% rise in first-quarter profit


FILE PHOTO: A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo

Aug 13 (Reuters) - ⁠Singapore Telecommunications (Singtel) ⁠reported a 21% rise ‌in first-quarter underlying net profit on Thursday, driven ​by strong contributions ⁠from its ⁠Australian unit Optus and ⁠regional ‌associates, including India's Bharti ⁠Airtel.

Singtel, Southeast Asia's largest ​telecom ‌operator, said underlying net ⁠profit ​was S$831 million ($649.22 million) for the ⁠three-month period ended ​June 30, compared with S$686 million a year ⁠earlier.

That beat the Visible Alpha consensus estimate of S$746.1 ​million.

($1 = 1.2800 ⁠Singapore dollars)

(Reporting by Shruti ​Agarwal and ‌Anjali Singh ​in Bengaluru; Editing by Sherry Jacob-Phillips)

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