Singtel Raises Earnings Guidance as Core Profit Climbs
By P.R. Venkat and Kimberley Kao
Singtel raised its guidance for the year, citing a stronger operating performance even as first-half net profit fell sharply on the absence of one-off gains booked a year earlier.
Singapore's largest mobile network operator said Friday that net profit fell 55% to 1.54 billion Singapore dollars, equivalent to US$1.20 billion, for the six months ended Sept. 30.
A year earlier, it made S$3.40 billion in net profit, which included S$2.21 billion of one-off gains from selling part of its stake in Bharti Airtel and from the merger of its Thai associate Intouch with Gulf Energy.
Underlying net profit, which excludes one-off items, rose 10% to S$1.49 billion during the half, supported by double-digit growth in operating earnings at its IT services arm NCS, data center business and Australian unit Optus, Singtel said.
Singtel now projects operating earnings growth for the fiscal year ending March in the mid to high-single digits, up from low to mid-single digits. It expects business momentum to continue.
Operating revenue rose 6% to S$7.29 billion.
The board approved an interim dividend of 9.0 Singapore cents a share, up from 8.2 Singapore cents.
Write to P.R. Venkat at venkat.pr@wsj.com and Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
November 12, 2026 19:24 ET (00:24 GMT)
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