All lines are busy now: SingTel's profit dropped 17.4% to $834.6m

And it could only go down, down, down.

SingTel must be bustling around, looking for some consolation amidst the depressing news of its profit falling 17.4% to $834.6m. To make matters worse, negative EBITDA is also predicted to drop a whopping 20%  going forward.

According to OCBC, SingTel posted 1QFY15 revenue of S$4147.6m, down 3.4% YoY (but +0.5% QoQ), meeting around 24% of full-year forecast, while reported net profit fell 17.4% YoY (down 7.1% QoQ) to S$834.6m; underlying net profit came in around S$881.0m, down 1.8% YoY and 4.2% QoQ, but also still met 24% of FY15 estimate.

"Hence results are in line with our expectations. Going forward, SingTel expects consolidated revenue and EBITDA to remain stable; Core Business (Group Consumer and Group Enterprise) to see stable revenue, low single digit EBITDA growth; Group Digital Life to see 50% revenue growth, negative EBITDA to fall by 20%," OCBC said.