Arab Today, arab today singtel profits up on increased mobile internet use
Last Updated : GMT 20:13:27
Arab Today, arab today
Arab Today, arab today

Singtel profits up on increased mobile internet use

Arab Today, arab today

Arab Today, arab today Singtel profits up on increased mobile internet use

Outside of Singapore, Singtel has a wholly owned subsidiary in Australia
Singapore - AFP

Singapore Telecom (Singtel) on Thursday reported a full-year net profit rise, driven by increased mobile data usage as more customers browse the Internet on handheld devices.

Investments in high-speed Internet networks and services are paying off as the easy mobile connections allow people to consume more data while on the go, said Singtel, Southeast Asia's biggest telecom firm by revenue.

"Mobile data was the bright spot," said Singtel Group chief executive Chua Sock Koong.

"Our regional markets are now making their respective transitions from mobile telephony to mobile Internet and harnessing the benefits of extensive investments in 3G and 4G networks and services," she said in a statement.

"We worked with our regional associates to navigate this shift from voice data."

Singtel said cloud computing and cybersecurity services also helped drive growth as governments and businesses turn to the cloud and data analytics "to drive productivity and manage large amounts of complex data".
Net profit for the year ending March 31 rose 2.4 percent to Sg$3.87 billion ($2.83 billion) on revenue of Sg$16.96 billion, down 1.5 percent.

For the fourth quarter ending March, net profit climbed 0.8 percent to Sg$946 million. Revenue was at Sg$4.09 billion, down 5.6 percent.

Pre-tax earnings contributions of regional mobile associate firms climbed 4.5 percent to Sg$2.60 billion for the full year and 12.3 percent to Sg$699 million for the quarter.

Earnings however were eroded by a strong Singapore dollar as net profit is reported in the local currency and foreign associate companies account for a bulk of revenues, the result of Singtel's expansion beyond the small domestic market.

Outside of Singapore, Singtel has a wholly owned subsidiary in Australia called Optus. Singtel also owns substantial stakes in mobile telecom operators in India, Indonesia, the Philippines and Thailand.

The Singapore dollar strengthened against the Australian dollar, Indonesian rupiah, Indian rupee, Philippine peso and the Thai baht during the financial year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singtel profits up on increased mobile internet use Arab Today, arab today singtel profits up on increased mobile internet use

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 00:51 2017 Wednesday ,22 February

alashnikov, maker of AK-47, looks to rebrand

GMT 10:43 2017 Tuesday ,21 February

Experts reveal cyber-security systems at Idex

GMT 10:23 2017 Tuesday ,21 February

Alibaba unit invests $200 mn in S.Korea's Kakao Pay

GMT 03:17 2017 Tuesday ,21 February

Last baby boom

GMT 00:44 2017 Tuesday ,21 February

Love Japanese pop culture? Head to Abu Dhabi

GMT 00:31 2017 Tuesday ,21 February

Japanese politicians wear ‘pregnancy’ vests
View News in Arabic - Media: انترنت
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday