Singtel posts full-year net profit of over S$4b
Singtel is allocating S$2 billion to a share buyback scheme. This comes after posting a yearly net profit of over S$4 billion, which is five times more than the previous year. The telco made an exceptional gain of S$1.55 billion, mostly from a partial divestment of its Comcentre building near Somerset. Analysts say its latest performance has put the telco in a strong financial position. Nicolas Ng with more.
Singtel is allocating S$2 billion to a share buyback scheme. This comes after posting a yearly net profit of over S$4 billion, which is five times more than the previous year. The telco made an exceptional gain of S$1.55 billion, mostly from a partial divestment of its Comcentre building near Somerset. Analysts say its latest performance has put the telco in a strong financial position. Nicolas Ng with more.
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