11 Feb '11, 9am

SINGTEL said yesterday that its third-quarter net profit climbed marginally from that of a year ago, boosted by

Read also: » SingTel mobile client base nears 400 million SINGTEL said yesterday that its third-quarter net profit climbed marginally from that of a year ago, boosted by robust revenue growth in Australia and the home market. Contributions from associates in Indonesia, India and the Philippines fell, weighing down net profit, which came in at $998 million, up 0.8 per cent from a year earlier. However, the result beat the average forecast from a Dow Jones Newswires poll of five analysts that tipped net profit at $905 million. SingTel, which has a wholly owned subsidiary in Australia and holds strategic stakes in major mobile-phone firms across Asia, said revenue rose 5.7 per cent to $4.7 billion. "The group held its net profit stable, benefiting from a diversified earnings base," said SingTel Group chief executive Chua Sock Koong. "Singapore and Australia continued to perfo...

Full article: http://www.asiaone.com/Business/News/Story/A1Story2011021...

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