Singtel sinks to S.3 billion H2 loss on Optus-led impairments; stronger sustained dividends expected

Singtel sinks to S$1.3 billion H2 loss on Optus-led impairments; stronger sustained dividends expected

May 23, 2024 / Riah Marton /


SINGTEL : Z74 0% sank into the red with a net loss of S$1.3 billion for its second half ended Mar 31, 2024, compared with a net profit of S$1.1 billion in the same period a year earlier.

This was mainly due to a marked increase in exceptional losses, which included S$3.1 billion in non-cash impairment charges, it said on Thursday (May 23). In the same period last year, the group recorded a net exceptional gain.

The results translate to loss per share of S$0.0813, against earnings per share of S$0.0639.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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