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Singtel Posts First-Half Profit Drop on Absence of Divestment Gain

By MarketWatch   |   Nov 12, 2024 at 07:20 PM EST
Singtel Posts First-Half Profit Drop on Absence of Divestment Gain

Singtel's six-month profit dropped due to the absence of a one-off gain, but underlying profit increased supported by regional associates and Australian business. Net profit was 1.23 billion Singapore dollars, with revenue at nearly S$7.0 billion. Operating revenue from Optus remained flat.

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