Singtel’s 2Q earnings slip 5.6% to $972.3 mil on one-off loss

SINGAPORE (Nov 10): Singapore Telecommunications’ 2Q earnings slipped 5.6% to $972.3 million from $1 billion a year ago due to the absence of a one-off gain.

The group recorded exceptional net loss of $6 million this quarter, compared to a $55 million gain last year. The loss partly came from AIS’ handset subsidy costs for migrating its 2G-handset customers to 3G/4G.

Underlying earnings though remained stable at $978 million.

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