Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,117.09
    +38.23 (+0.47%)
     

  • Bitcoin USD

    64,399.86
    +522.59 (+0.82%)
     

  • CMC Crypto 200

    1,388.60
    -7.94 (-0.57%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,357.80
    +15.30 (+0.65%)
     

  • Crude Oil

    84.26
    +0.69 (+0.83%)
     

  • 10-Yr Bond

    4.6800
    -0.0260 (-0.55%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Singapore Telecommunications posts 23% growth in first-half net profit

Reuters SG

Nov 10 (Reuters) - Singapore Telecommunications on Thursday posted a 23% jump in first-half net profit due to a strong turnaround in partly-owned Bharti Airtel and an exceptional gain from the partial divestment of its stake in Airtel.

Southeast Asia's largest telecom firm, which is going through a strategic reset, said net profit for the half year ended Sept. 30 was S$1.17 billion ($834.22 million), compared with S$954 million a year earlier. ($1 = 1.4025 Singapore dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Krishna Chandra Eluri)