SingTel full-year profit grows 4%

Dylan Bushell-Embling
14 May 2015

SingTel grew its net profit for the financial year ending in March by 4% to S$3.78 billion ($2.86 billion), as a result of strong customer growth and contributions from its regional mobile associates.

Operating revenue increased 2% to S$17.22 billion, but would have grown 5% in constant currency terms.

Improvements in contributions from mobile associates Airtel India, Globe in the Philippines and Telkomsel in Indonesia drove growth for the financial year.

Pre-tax earnings from regional associates increased 18% to S$2.49 billion, and would have expanded 22% in constant currencies.

For the fourth quarter, operating revenue increased 5% to S$4.34 billion while net profit was up 5% to S$939 million.

SingTel and Australian subsidiary Optus gained momentum in their respective consumer markets, helping push total group consumer revenue up 6% year-on-year. Singapore consumer revenue rose 11%, while Australia consumer revenue improved 12%.

Group enterprise revenue meanwhile edged up 1%, while Group Digital Life revenue nearly tripled year-on-year.

The SingTel group ended the March quarter with a combined mobile customer base of 555 million, up 8% year-on-year.

Looking ahead to the full year, SingTel said it expects to report a mid-single-digit growth in consolidated group revenue, with similar gains across its core mobile businesses as well as group ICT revenue.

Related content

No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.