For the quarter, Singtel’s enterprise business suffered the least revenue and earnings decline relative to other major business units, with earnings before and interest tax was down just 4.1% y-o-y to $195 million. In contrast, Singtel’s consumer business in Singapore suffered a 38% y-o-y drop to $82 million; its consumer business in Australia plunged 62.2% y-o-y to $107 million.
Singtel has reported earnings before interest and tax of $328 million for the 3QFY21 ended Dec 31 2020. In constant currency terms, that’s a decline of 39.3% y-o-y. Its EBITDA was $1 billion in the same period, down 13.5% y-o-y. Revenue in the same period was down 5.9% y-o-y to $4.24 billion.
While the on-going pandemic continue to hurt mobile roaming revenue, among others, Singtel’s enterprise business, with its subsidiary NCS, helped offset some of that drop, as it gained more business from helping customers push ahead with their respective digitalisation efforts.
