Singtel reports strong Q3 earnings, shares near six-year high

Published 19/02/2025, 11:22
© Reuters.

Investing.com -- Singapore Telecommunications (Singtel), on Wednesday, reported a nearly threefold increase in third-quarter earnings, propelling its shares to almost six-year highs. The telecom company also issued an optimistic annual earnings outlook.

Singtel’s shares climbed 1.2% to S$3.37, marking their strongest trading session since January 31, provided the gains hold. The stock is nearing its S$3.475 high from July 2019.

The company’s net profit for the three-month period ending December 31 soared 183.4% to S$1.3 billion ($968.85 million), up from S$465 million the previous year.

This significant increase in earnings was driven by a net exceptional gain of S$639 million. This gain came from the disposal of partial stakes in Thailand associate Intouch and Indara, previously known as Australia Tower Network.

The gain also included Singtel’s share of an exceptional gain from its stake in India’s Bharti Airtel (NSE:BRTI).

In contrast, Singtel had reported a net exceptional loss of S$94 million the previous year. The positive earnings outlook and the substantial increase in Q3 earnings highlight a significant turnaround for the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.