Singtel Q1 profit jumps 41% on partly owned Airtel’s turnaround

Singtel Q1 profit jumps 41% on partly owned Airtel's turnaround
FILE PHOTO: A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo

Singapore Telecommunications Ltd (Singtel) on Wednesday (Aug 24) posted a 41 per cent jump in their first-quarter net profit, helped by partly-owned Bharti Airtel’s resilient turnaround.

Singtel’s net profit for the quarter ended June 30 and rose to S$628 million (US$450.15 million) from S$445 million a year ago.

Source: Reuters/st