Reported 11 days ago
Singapore Telecommunications (SingTel) announced a 42% decline in its first-half net profit, primarily due to the absence of a previous S$1.2 billion gain from a merger with Telkomsel. Despite this, SingTel expects a low double-digit growth in earnings before interest and tax (EBIT) for fiscal 2025. The company aims to boost its artificial intelligence and data center capabilities, continuing investments to cater to growing demand.
Source: YAHOO