Advertisement
Singapore markets closed

  • Straits Times Index

    3,367.90
    +29.33 (+0.88%)
     

  • S&P 500

    5,474.19
    -0.90 (-0.02%)
     

  • Dow

    39,154.30
    -15.22 (-0.04%)
     

  • Nasdaq

    17,894.47
    +15.17 (+0.08%)
     

  • Bitcoin USD

    62,574.95
    -135.27 (-0.22%)
     

  • CMC Crypto 200

    1,342.02
    -2.49 (-0.19%)
     

  • FTSE 100

    8,126.54
    -40.22 (-0.49%)
     

  • Gold

    2,343.70
    +4.80 (+0.21%)
     

  • Crude Oil

    83.78
    +0.40 (+0.48%)
     

  • 10-Yr Bond

    4.4220
    -0.0570 (-1.27%)
     

  • Nikkei

    40,074.69
    +443.63 (+1.12%)
     

  • Hang Seng

    17,769.14
    +50.53 (+0.29%)
     

  • FTSE Bursa Malaysia

    1,597.96
    -0.24 (-0.02%)
     

  • Jakarta Composite Index

    7,125.14
    -14.48 (-0.20%)
     

  • PSE Index

    6,358.96
    -39.81 (-0.62%)
     

CORRECTED-SingTel annual profit slumps on $2.3 bln impairment charge

Reuters SG

(Corrects to say profit fell by 64%, not 280%, in paragraph 1)

May 23 (Reuters) - Singapore Telecommunications on Thursday posted a 64% drop in full-year net profit hit by a S$3.1 billion ($2.30 billion) impairment charge, majority of which relates to its mobile network operation unit Optus.

Southeast Asia's largest telecom firm said net profit for fiscal 2023 was S$795 million, compared with S$2.23 billion a year ago. (Reporting by Ayushman Ojha and Shivangi Lahiri in Bengaluru; Editing by Shailesh Kuber)