SINGAPORE: Singapore Telecommunications (Singtel) reported a 2 per cent rise in net profit to S$972.8 million for the third quarter ended Dec 31, 2016, as it saw strong core business and higher contributions from regional mobile associates.
In the core business, ICT revenues grew, bolstered by contract wins by NCS and demand for cyber security services. It said higher consumer home services revenue in Singapore and growth in postpaid mobile customer numbers in Australia helped mitigate continued voice to data substitution and roaming revenue declines.
Operating revenue for the quarter declined 2 per cent to S$4.41 billion from a year ago due to mandated cuts in Australian mobile termination rates.
