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Singtel Profit Soars 21% on Optus, Airtel Strength
13 Aug
Summary
- Singtel reported a 21% rise in first-quarter underlying net profit.
- Optus and regional associates significantly boosted profits.
- First-quarter profit surpassed analyst expectations.
Singapore Telecommunications (Singtel) achieved a notable 21% increase in its underlying net profit for the first quarter, concluding on June 30, 2026. The company reported S$831 million in net profit, surpassing the S$686 million from the same period in the previous year. This financial achievement exceeded the S$746.1 million consensus estimate.
The strong performance was largely attributed to robust contributions from its Australian subsidiary, Optus. Additionally, regional associates, including India's prominent telecom operator Bharti Airtel, played a significant role in driving Singtel's profitability during the quarter. These combined factors underscore Singtel's continued success in its diverse operational markets.
