Revenue for the half year drops 0.5% to S$6.99 billion

 

SINGTEL&rsquo S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion.

 

This was in the absence of a S$1.2 billion exceptional gain booked in the same period a year prior, for the issuance of Telkomsel shares to integrate Indonesian broadband provider IndiHome.

 

On Wednesday (Nov 13), the telecommunications provider declared an interim dividend of S$0.07 per share, up from S$0.052 in H1 FY2024.

 

The latest dividend comprises a core dividend of S$0.056 per share and a &ldquo value realisation&rdquo dividend of S$0.014 per share, both of which will be paid out on Dec 9.

 

Earnings per share for H1 FY2025 stood at S$0.0746, versus S$0.1294 a year prior.

 

Revenue for the half year dropped 0.5 per cent to S$6.99 billion versus S$7.03 billion in the year-ago period, which Singtel considered to be &ldquo stable&rdquo post the divestment of Trustwave.

 

Excluding associate contributions, earnings before interest and taxes (Ebit) grew 27 per cent to S$738 million.

 

The group attributed this to better mobile performance and disciplined cost management at Optus, as well as continued margin improvements and solid bookings at NCS, with Optus&rsquo and NCS&rsquo Ebit rising 58 per cent and 40 per cent, respectively.

 

Group chief executive of Singtel Yuen Kuan Moon said the group&rsquo s priority for the second half of the year is the continued execution of the Singtel28 plan, which is &ldquo designed to drive further Ebit improvements&rdquo .

 

&ldquo We will continue scaling NCS and building out Nxera&rsquo s data centres which will commence operations from mid-2025 to meet increasing demand. We will also keep supporting our regional associates to capture growth opportunities in the areas of enterprise and fixed broadband,&rdquo he added.

Revenue for the half year drops 0.5% to S$6.99 billion

 

SINGTEL&rsquo S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion.

 

This was in the absence of a S$1.2 billion exceptional gain booked in the same period a year prior, for the issuance of Telkomsel shares to integrate Indonesian broadband provider IndiHome.

 

On Wednesday (Nov 13), the telecommunications provider declared an interim dividend of S$0.07 per share, up from S$0.052 in H1 FY2024.

 

The latest dividend comprises a core dividend of S$0.056 per share and a &ldquo value realisation&rdquo dividend of S$0.014 per share, both of which will be paid out on Dec 9.

 

Earnings per share for H1 FY2025 stood at S$0.0746, versus S$0.1294 a year prior.

 

Revenue for the half year dropped 0.5 per cent to S$6.99 billion versus S$7.03 billion in the year-ago period, which Singtel considered to be &ldquo stable&rdquo post the divestment of Trustwave.

 

Excluding associate contributions, earnings before interest and taxes (Ebit) grew 27 per cent to S$738 million.

 

The group attributed this to better mobile performance and disciplined cost management at Optus, as well as continued margin improvements and solid bookings at NCS, with Optus&rsquo and NCS&rsquo Ebit rising 58 per cent and 40 per cent, respectively.

 

Group chief executive of Singtel Yuen Kuan Moon said the group&rsquo s priority for the second half of the year is the continued execution of the Singtel28 plan, which is &ldquo designed to drive further Ebit improvements&rdquo .

 

&ldquo We will continue scaling NCS and building out Nxera&rsquo s data centres which will commence operations from mid-2025 to meet increasing demand. We will also keep supporting our regional associates to capture growth opportunities in the areas of enterprise and fixed broadband,&rdquo he added.