© Reuters. FILE PHOTO: A girl utilizing a cell phone walks behind a Singtel signage at their head workplace in Singapore February 11, 2016. REUTERS/Edgar Su/File Picture
(Reuters) -Singapore Telecommunications (SingTel) stated on Friday its third-quarter underlying web revenue got here in on the identical degree as final 12 months, as weak native operations offset progress in its info expertise and Australian telecom models.
SingTel, Southeast Asia’s largest telecom firm, stated its underlying web revenue for the quarter ended Dec. 31 was S$559 million ($416.45 million), identical as final 12 months.
On a relentless foreign money foundation, underlying revenue rose 1.5% from a 12 months earlier.
“Our underlying monetary leads to the third quarter have been secure regardless of a troublesome macroeconomic setting and protracted foreign money headwinds,” CEO Yuen Kuan Moon stated.
Revenue was pushed primarily by the agency’s Australian telecom enterprise Optus and data expertise unit Nationwide Pc Methods (NCS).
NCS recorded a 47% bounce in earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) to S$75 million.
SingTel Singapore, which presents cell, TV and digital companies, operated in a difficult setting amid weak company and shopper spending, the corporate stated, pushing the unit’s EBITDA decrease by 4.9% to S$372 million.
“SingTel Singapore continues to face enterprise pressures and scaling our Nxera regional knowledge centre enterprise has required funding prices,” stated Yuen.
($1 = 1.3423 Singapore {dollars})
