Sigtel Logs Decline in H1 Attributable Net Profit; Operating Revenue Up

MT Newswires11:09

Singapore Telecommunications (SGX:Z74) posted SG$1.54 billion in net profit after tax attributable to the shareholders of the company for the first half of the fiscal year, compared with SG$3.40 billion a year ago.

EPS moved to SG$0.0941 from SG$0.2044 year over year, a Friday filing with the Singapore Stock Exchange showed.

For the six months ended Sept. 30, operating revenue was SG$7.29 billion versus SG$6.91 billion previously, the telecom services provider said.

The board declared an interim one-tier tax-exempt ordinary dividend of SG$0.09 per share for the financial year ending March 31, 2027, payable on Dec. 11. It paid SG$0.082 per share in the year-ago period.

The group also raised its full-year operating company earnings before interest and tax (OpCo EBIT) growth guidance to mid- to high-single-digit growth from its previous forecast of mid-single-digit growth.

The company's shares were down over 1% in recent trade.

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