Singtel's 1Q24 net profit plunges to $795m amid $1.47b exceptional loss

Compared to 1Q23, net profit fell 64%.

A $1.47b exceptional loss dragged Singtel's 1Q24 net profit down 64% YoY to $795m.

“The company incurred noncash impairment charges on goodwill and Optus Enterprise’s fixed network assets,” Singtel explained.

Excluding the charges, Singtel’s underlying net profit rose 10% YoY to $2.26b, driven by increased contributions from Airtel and AIS and higher interest income from capital recycling.

In constant currency terms, underlying net profit would have risen 13%.

Despite lower net profits, Singtel’s board proposed a final one-tier tax-exempt ordinary dividend of $0.098 per share, comprising a core dividend of $0.06 per share and a value realisation dividend of $0.038 per share.

Follow the link for more news on

Singtel

Financial Statements

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia