Southeast Asia’s largest Telecom operator posted net profit of S$667 million ($486 million) for the three months resulted in September, in contrast with S$2.85 billion a 12 months in the past. Last 12 months’s outcomes included an distinctive acquire from the partial divestment of its stake in its broadband unit NetLink Trust.
Underlying net profit, which excludes one-time objects, was S$715 million versus S$915 million a 12 months in the past.
The firm’s income was flat at S$4.27 billion.
“We remain positive about our regional associates which continue to benefit from the growing demand for data and have executed well against the challenges and competition,” Singtel CEO Chua Sock Koong mentioned in an announcement.
The firm additionally largely maintained its beforehand issued forecast for the total 12 months that ends in March 2019.