Yahoo Finance BRIEF-SingTel Says Expect Exceptional Non-Cash Impairment Provisions Of About S$3.1 Bln For 2H24
April 29 (Reuters) - Singapore Telecommunications Ltd :
* SIGNIFICANT NON-CASH IMPAIRMENT PROVISIONS FOR 2ND HALF YEAR AND FY ENDED 31 MARCH 2024)
* EXPECTS TO RECOGNISE EXCEPTIONAL NON-CASH IMPAIRMENT PROVISIONS OF APPROXIMATELY S$3.1 BILLION FOR SECOND HALF YEAR ENDED 31 MARCH 2024
* EXPECTS TO RECOGNISE EXCEPTIONAL NON-CASH IMPAIRMENT PROVISIONS OF APPROXIMATELY S$3.1 BILLION FOR SECOND HALF YEAR ENDED 31 MARCH
* OPTUS EXPECTS TO RECORD NON-CASH IMPAIRMENT PROVISIONS OF A$540 MILLION
* EXPECTS TO REPORT A NET LOSS FOR THE SECOND HALF YEAR
* OPTUS ENTERPRISE HAS BEEN REPORTING STEEP DECLINES IN FIXED CARRIAGE REVENUE DUE TO CHURN AND PRICE EROSION
* SEES A LOWER NET PROFIT FOR THE FINANCIAL YEAR
* AN ESTIMATED S$280 MILLION OF NON-CASH IMPAIRMENT PROVISION IS EXPECTED FOR NCS AUSTRALIA DUE MAINLY TO HIGHER COST OF CAPITAL
* ON TRACK TO PAY AT THE UPPER END OF ITS DIVIDEND POLICY FOR THE FINANCIAL YEAR
* GROUP EXPECTS TO RECORD A NON-CASH IMPAIRMENT PROVISION FOR GOODWILL OF ABOUT S$340 MILLION FOR ASIA PACIFIC CYBER SECURITY BUSINESS Further company coverage:
