Net profit up 30 percent to S$1.29 billion in 4Q and 4 percent to S$3.99 billion for full year

May 10, 2012

1 Min Read

SINGAPORE -- Singapore Telecommunications Limited (SingTel) today announced that fourth quarter net profit for the Group grew 30 per cent to S$1.29 billion, primarily from an exceptional net tax credit of S$270 million on an increase in value of assets transferred to an associate.

Excluding this and other one-off items, underlying net profit grew 3 per cent, driven by strong mobile revenue growth from Singapore and improved contributions from the regional mobile associates. The stronger Australian Dollar also lifted net profit.

For the full year, net profit increased 4 per cent to S$3.99 billion. Underlying net profit declined 3 per cent. Group revenue grew 4 per cent to S$18.83 billion, boosted by mobile growth in Singapore and Australia, as well as the stronger Australian Dollar.

Singapore Telecommunications Ltd. (SingTel) (OTC: SGTJY)

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