Singtel Lifts Earnings Outlook as Underlying Profit Rises 10%
Singapore's Singtel raised its operating earnings guidance and lifted its interim dividend, even though reported net profit fell 55% on last year's one-off gains.
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what happened
Singapore's largest mobile operator, Singtel, said on Friday that its net profit for the six months ended September 30 fell 55% to 1.54 billion Singapore dollars, or about US$1.20 billion, according to Dow Jones Newswires. The drop follows a year earlier, when profit of 3.40 billion Singapore dollars included 2.21 billion in one-off gains from selling part of its Bharti Airtel stake and from the merger of its Thai associate Intouch with Gulf Energy.
Profit excluding one-off items rose 10% to 1.49 billion Singapore dollars. Double-digit growth in operating earnings at IT services arm NCS, its data center business and Australian unit Optus supported the result. Operating revenue climbed 6% to 7.29 billion Singapore dollars.
Singtel now expects operating earnings growth for the fiscal year ending in March in the mid to high single digits, up from low to mid single digits. The board also approved an interim dividend of 9.0 Singapore cents a share, compared with 8.2 cents a year earlier.
why it matters
The fall in reported profit reflects last year's one-off gains, so the market will focus more on the stronger core business and the higher guidance. The larger dividend and upgraded outlook suggest the company's operating momentum is holding up.
market impact
Singtel: higher guidance and dividend support the company's shares
- Singtel shares pressure up — higher guidance and a bigger dividend improve the outlook for core operations
tags
instruments
sources
- Singtel Raises Earnings Guidance as Core Profit Climbs — Dow Jones Newswires, 13 November 2026 at 00:09 UTC
- Singtel Raises Earnings Guidance as Core Profit Climbs — Dow Jones Newswires, 13 November 2026 at 00:24 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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