SingTel reports nearly ten percent rise in third quarter profit following strong regional growth

Singapore Telecommunications saw its underlying net profit climb to 744 million Singapore dollars for the third quarter. Growth was driven by Airtel and AIS.

Insights:
Singapore Telecommunications Limited , also known as SingTel, based in Singapore SGSG, reported on Wednesday that its underlying net profit for the third quarter ended December 31 rose by 9.5 percent to S$744 million. The company stated that the increase was driven by stronger contributions from its regional associates, which materially affected the quarterly earnings outcome.
A man looks out of a window beneath Singtel signage at the company's head office in Singapore on February 12, 2015. REUTERS/Edgar Su/File Photo
A man looks out of a window beneath Singtel signage at the company's head office in Singapore on February 12, 2015. REUTERS/Edgar Su/File Photo
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