Singtel doubles H1 profits to $705 mn propelled by Airtel’s performance

Singapore, November 15 (ANI): Last week, Singtel, Singapore’s largest telecommunications operator, reported a scintillating set of numbers for the first half of its 2022 financial year which ended September 2021. Net profits after tax shot up 104.7 percent to SGD 954 million (USD 705 million) as its “underlying business grew on the back of accelerated digitalisation and a resumption in economic and business activity across the region.”

The company also credited the outstanding results to the improved performance of regional associates especially Bharti Airtel.

Underlying net profits before exceptional items grew 17 percent to SGD 983million as operating revenue inched up three percent to SGD 7.65 billion.