SingTel’s profit jumped 19.3% to $1.04b in Q2

Revenue inched up to $4.3b.

SingTel’s net profit jumped 19.3% year-on-year to $1.04b in the second quarter, boosted by an exceptional gain of $62.2m.

The net exceptional gain was mainly comprised of an exceptional gain of S$65 million from the dilution of 2.2% of SingTel’s equity interest in SingPost following its equity placement to an investor. Excluding this, underlying net profit would have risen 10.7% year-on-year to $979m.

SingTel’s revenue inched up 3.5% year-on-year to $4.3b, aided by first-time contributions from Adconion and Kontera, its most recent digital acquisitions.

According to OCBC, SingTel declared an interim dividend of S$0.068/share, unchanged from a year ago. SingTel has kept its guidance for FY15 largely unchanged, except that it now expects a wider negative EBITDA versus 20% narrower previously.
 

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