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SingTel's annual underlying profit rises 9% to S$2.47b, announces share buyback

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Singapore Telecommunications (Singtel) reported a 9 per cent rise in full-year underlying net profit on Thursday (May 22), boosted by strong performances from unit Optus and regional associates Airtel and AIS, while announcing a new S$2 billion (US$1.55 billion) share buyback.

Southeast Asia's largest telecom firm said its underlying net profit for the year ended Mar 31 was S$2.47 billion, compared with S$2.26 billion a year earlier.

That was slightly lower than a Visible Alpha consensus estimate of S$2.56 billion.

Source: Reuters/nh
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