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BRIEF-Singtel Posts FY24 Net Profit Down 64% To S$795 Million

Reuters SG
·1-min read

May 23 (Reuters) - Singapore Telecommunications Ltd :

* FY24 NET PROFIT DOWN 64% TO S$795 MILLION

* FY UNDERLYING NET PROFIT UP 10% TO S$2.26 BILLION

* HIGHER TOTAL ORDINARY DIVIDEND PAYOUT OF 15.0 SG CENTS FOR FY24

* PROPOSED A FINAL ONE-TIER TAX EXEMPT ORDINARY DIVIDEND OF 9.8 SG CENTS PER SHARE

* LAUNCHED A NEW STRATEGIC PLAN SINGTEL28

* EXPECTS MACROECONOMIC HEADWINDS AND FOREIGN CURRENCY VOLATILITY TO PERSIST IN NEXT FY

* IDENTIFIED PIPELINE OF AROUND S$6 BILLION OF ASSETS THAT CAN BE RECYCLED OVER MEDIUM TERM

* FY OPERATING REVENUE S$14,127.5 MLN VS S$14,624.4 MLN

* SEES FY25 EBIT GROWTH RATE (EX ASSOCIATES’ CONTRIBUTIONS) HIGH SINGLE DIGIT TO LOW DOUBLE DIGITS Further company coverage: