Singtel full-year profit grows 2% despite forex hit

SingaporeTelecom Asia — Singtel has reported a 2% increase in net profit for the financial year ending in March to S$3.87 billion ($2.81 billion), despite negative foreign exchange movements. But operating revenue declined 1.5% to S$16.96 billion, the operator revealed. Excluding the impact of forex fluctuations, net profit would have grown 6% and operating revenue would have risen 4%.

http://www.telecomasia.net/content/singtel-full-year-profit-grows-2-despite-forex-hit

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