Advertisement
Singapore markets closed
  • Straits Times Index

    3,090.31
    +17.32 (+0.56%)
     
  • Nikkei

    33,431.51
    -55.38 (-0.17%)
     
  • Hang Seng

    16,830.30
    -212.58 (-1.25%)
     
  • FTSE 100

    7,529.35
    +75.60 (+1.01%)
     
  • Bitcoin USD

    38,748.46
    +47.28 (+0.12%)
     
  • CMC Crypto 200

    802.76
    +11.20 (+1.41%)
     
  • S&P 500

    4,594.63
    +26.83 (+0.59%)
     
  • Dow

    36,245.50
    +294.61 (+0.82%)
     
  • Nasdaq

    14,305.03
    +78.81 (+0.55%)
     
  • Gold

    2,091.70
    +34.50 (+1.68%)
     
  • Crude Oil

    74.38
    -1.58 (-2.08%)
     
  • 10-Yr Bond

    4.2260
    -0.1260 (-2.90%)
     
  • FTSE Bursa Malaysia

    1,456.38
    +3.64 (+0.25%)
     
  • Jakarta Composite Index

    7,059.91
    -20.84 (-0.29%)
     
  • PSE Index

    6,245.18
    +21.45 (+0.34%)
     

UPDATE 2-SingTel Q3 underlying profit rises on Airtel's upbeat earnings

(Adds details on net profit)

Feb 16 (Reuters) - Singapore Telecommunications on Thursday posted a more than 18% jump in third-quarter underlying profit, driven by the strong performance of associate Bharti Airtel.

All segments of SingTel's business benefited from a sustained recovery in international travel, driving up the roaming revenue and the number of prepaid customers.

Bharti Airtel, India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue earlier this month, helped by 4G subscriber additions and higher revenue per user.

SingTel, which is Southeast Asia's largest telecom firm, reported underlying net profit of S$559 million ($418.54 million) for the quarter ended Dec. 31, compared with S$473 million a year earlier.

Mobile revenues from Australian unit Optus, which reported a data breach of up to 10 million customers in October, came in at A$1.40 billion ($967.82 million), compared with A$1.32 billion a year earlier.

However, SingTel's net profit for the quarter fell to S$532 million, compared with S$734 million a year ago when it recorded a one-off gain from disposal of 70% stake in a unit. ($1 = 1.3356 Singapore dollars) ($1 = 1.4480 Australian dollars) (Reporting by Jaskiran Singh and Harish Sridharan in Bengaluru; Editing by Shailesh Kuber and Dhanya Ann Thoppil)