SingTel Q2 profit, up 18.8 pct, broadly in line - News

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

How Well Do You Know Your Bird?
Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.
A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

SingTel Q2 profit, up 18.8 pct, broadly in line

By: AFX | 10 Nov 2009 | 05:51 PM ET

Text Size

SINGAPORE, Nov 11 (Reuters) - Singapore Telecommunications , Southeast Asia's biggest telecoms firm, reported an 18.8 percent increase in second quarter profits as core markets performed well and its associate in Indonesia showed strong revenue gains. SingTel, which owns Optus in Australia and stakes in mobile operators across Asia, has been facing single-digit growth in its core markets of Singapore and Australia. In some of its overseas operations, it faces a squeeze on margins as competition grows from rivals. The company, around 55 percent-owned by state investor Temasek, posted July-September underlying net profit before goodwill and exceptionals of S$952 million compared ($686 million) with an average forecast of S$956 million in a Reuters survey of five analysts. The quarterly underlying net profit was 18.8 percent higher than the year-ago's S$801 million. Singapore's biggest company by market value increased its total global subscriber base by a 26 percent to 273 million as at the end of September, helping boost revenue by 5.4 percent to S$4.1 billion. SingTel shares are up by around 15 percent so far in 2009, underperforming a 54 percent gain on the broader Singapore share index. (Reporting by Harry Suhartono and Saeed Azhar; Editing by Lincoln Feast) ((harry.suhartono@thomsonreuters.com; +65 6403 5658; Reuters Messaging: harry.suhartono.reuters.com@reuters.net) ($1=1.388 Singapore Dollar) Keywords: SINGTEL/RESULTS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Tools: