Singtel’s Q1 Profits Surge Amidst Subsidiary Growth

Singtel (SG:Z74) has released an update.

Singtel’s first-quarter financial update shows a 5.4% rise in underlying net profit to S$603 million, despite a slight dip in operating revenue by 2.1%. The company’s net profit soared by 43% due to exceptional gains, contrasting with a loss in the previous year. Notably, EBITDA and EBIT increased by 8.4% and 27%, respectively, bolstered by the growth of subsidiaries Optus and NCS.

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