Friday, 12 February 2016

SGX Stock Picks Update: Singapore Telecommunications Slumped by 1.7% in Third-Quarter Net Profit

SGX Stock Picks: Singapore Telecommunications Ltd (STEL.SI) reported a 1.7 percent fall in second from last quarter net benefit, about in accordance with evaluations, as unfavorable coin developments and speculations balance developing portable information utilization by its clients.

Singtel, Southeast Asia's greatest information transfers administrator, posted a net benefit of S$954 million ($687 million) for the three months finished December, contrasted and S$970 million a year prior. Hidden net benefit, barring one-off things, was S$955 million.

The normal gauge of three examiners surveyed by Reuters was for a net benefit of S$957 million.

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