singtel profits up on increased mobile internet use
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Singtel profits up on increased mobile internet use

Egypt Today, egypt today

Egypt Today, egypt today Singtel profits up on increased mobile internet use

Outside of Singapore, Singtel has a wholly owned subsidiary in Australia
Singapore - AFP

Singapore Telecom (Singtel) on Thursday reported a full-year net profit rise, driven by increased mobile data usage as more customers browse the Internet on handheld devices.

Investments in high-speed Internet networks and services are paying off as the easy mobile connections allow people to consume more data while on the go, said Singtel, Southeast Asia's biggest telecom firm by revenue.

"Mobile data was the bright spot," said Singtel Group chief executive Chua Sock Koong.

"Our regional markets are now making their respective transitions from mobile telephony to mobile Internet and harnessing the benefits of extensive investments in 3G and 4G networks and services," she said in a statement.

"We worked with our regional associates to navigate this shift from voice data."

Singtel said cloud computing and cybersecurity services also helped drive growth as governments and businesses turn to the cloud and data analytics "to drive productivity and manage large amounts of complex data".
Net profit for the year ending March 31 rose 2.4 percent to Sg$3.87 billion ($2.83 billion) on revenue of Sg$16.96 billion, down 1.5 percent.

For the fourth quarter ending March, net profit climbed 0.8 percent to Sg$946 million. Revenue was at Sg$4.09 billion, down 5.6 percent.

Pre-tax earnings contributions of regional mobile associate firms climbed 4.5 percent to Sg$2.60 billion for the full year and 12.3 percent to Sg$699 million for the quarter.

Earnings however were eroded by a strong Singapore dollar as net profit is reported in the local currency and foreign associate companies account for a bulk of revenues, the result of Singtel's expansion beyond the small domestic market.

Outside of Singapore, Singtel has a wholly owned subsidiary in Australia called Optus. Singtel also owns substantial stakes in mobile telecom operators in India, Indonesia, the Philippines and Thailand.

The Singapore dollar strengthened against the Australian dollar, Indonesian rupiah, Indian rupee, Philippine peso and the Thai baht during the financial year.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

singtel profits up on increased mobile internet use singtel profits up on increased mobile internet use



GMT 09:51 2016 Tuesday ,29 March

Back to drawing board for new father Murray

GMT 09:17 2017 Monday ,13 February

RAK police seek help to locate missing girl

GMT 21:52 2011 Monday ,08 August

Leverkusen\'s Giefer hospitalised

GMT 23:05 2017 Wednesday ,25 January

Millions travel for China’s Lunar New Year festival

GMT 23:06 2017 Tuesday ,24 January

Pakistan military tests nuclear-capable missile

GMT 11:34 2017 Tuesday ,14 February

Artist makes NY fashion week debut on a bus

GMT 14:35 2018 Monday ,22 January

Azza Fahmy Jewellery announces UK store launch

GMT 07:41 2014 Wednesday ,19 March

Nail brand The Lacquer Lab launches

GMT 15:19 2011 Tuesday ,02 August

Orwellian Barton forced to train alone by Newcastle

GMT 12:25 2016 Wednesday ,14 December

Evaluation of Participating Companies Goes in Full Swing

GMT 13:37 2017 Monday ,25 December

Abducted Yemenis kept in chains in Houthi jails
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday