Singapore Telecommunications ( (SNGNF) ) has released its Q2 earnings. Here is a breakdown of the information Singapore Telecommunications presented to its investors.
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Singapore Telecommunications, a leading player in the telecommunications industry, provides a wide range of services including mobile phone, broadband, and digital solutions in several countries. In its recent earnings report for the half year ending September 2024, the company reported a decline in net profit from S$2,140.6 million in 2023 to S$1,238.4 million in 2024. This decrease was primarily due to a significant drop in exceptional items gains compared to the previous year. The company’s operating revenue also saw a slight decline, standing at S$6,991.9 million compared to S$7,028.3 million last year. Despite these challenges, the Group’s share of results from associates and joint ventures increased, contributing positively to the overall performance. Looking forward, Singapore Telecommunications remains committed to exploring growth opportunities and managing its financial health, guided by the management’s strategic vision.
