ASEAN KEY DESTINATIONS
Singtel posts 4.5% rise in Q4 net profit
SINGAPORE: Singapore Telecommunications (Singtel) posted a 4.5 per cent rise in fourth-quarter net profit, helped by strong growth in customers and data services at its regional mobile associates.
Singtel, Southeast Asia's largest telecommunications operator, posted a net profit of S$939 million for the three months ended in March, compared with S$898 million in the same period a year ago. Underlying net profit totaled S$950 million.
The results were released in a new release on Thursday (May 14)
The average forecast for net profit was S$975 million, according to the three analysts polled by Reuters.
NET PROFIT FOR FY ENDED MAR 31 UP
Singtel's net profit for the financial year ended Mar 31, 2015 increased 4 per cent to S$3.78 billion. It also reported strong free cash flow, up 9 per cent to S$3.55 billion.
The telco proposed final ordinary dividend per share of 10.7 Singapore cents, bringing total dividend per share up 4 per cent to 17.5 Singapore cents, representing a payout of approximately S$2.79 billion.
Looking ahead, Singtel will increase capital expenditure in the current 2015/16 financial year to around S$3 billion from S$2.4 billion in FY2014/15, with S$1.9 billion for Australia and S$1.1 billion for Singapore.
The increased capital expenditure reflects multi-year investments to support the transformation in Singtel’s core business and will include a new data centre in Singapore. The new data centre will help Singtel meet the growing demand for cloud and managed services in the enterprise sector.
Singtel also said it expects losses (negative EBITDA) from its group digital life businesses to fall in the current 2015/6 financial year to S$150 million-S$180 million from S$216 million in FY2014/15.
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