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Updated · Bloomberg · May 21Singtel Posts S$5.61 Billion Profit, Lifts Annual Dividend to Highest as Bharti Sales Boost Gains
1 articles · Updated · Bloomberg · May 21
- Singtel reported full-year net profit of S$5.61 billion, up 40% from a year earlier, and said its annual dividend reached the highest level.
- Bharti Airtel stake sales drove the jump in reported earnings, while underlying earnings—excluding such gains—rose 21%.
- The results underline how investment disposals, alongside core operations, shaped the Singapore telecom operator’s latest annual performance.
Why are analysts downgrading Singtel stock just as the company reports a record-breaking 40% profit increase? Can Singtel's big bets on AI and data centers save it from the brutal price wars in its core markets?