- Joined
- Oct 5, 2018
- Messages
- 16,987
- Points
- 113
Singtel expects to report loss for 2024 second-half; flags $2.3 billion impairment
(Reuters) – Singapore Telecommunications said on Monday it expects to report a net loss for second-half of fiscal year 2024, as it flagged exceptional non-cash impairment provisions of S$3.1 billion ($2.28 billion) for the period.The company also warned that it would report a lower net profit for the full-year ended March 31, 2024.
About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus’ goodwill, Singtel, Southeast Asia’s largest telecom operator, said in its filing.