SINGAPORE (Aug 8): Singtel reported 1Q earnings ended June of $541 million, or 3.32 cents per share, 35% lower than the $832 million a year ago.
Singtel says the weaker 1Q bottomline was due to losses suffered by its Indian associate Bharti Airtel and higher depreciation and amortisation costs of $644.3 million.
1Q operating revenue rose 2% to $4.11 billion on growth in consumer Australia and the group’s digital businesses which continued to scale.
More to follow after results briefing this morning.
