SingTel’s net profit up 11.2% to $970m in Q3

Thanks to higher revenue from its associates.

SingTel reported that its net profit grew 11.2% year-on-year to $970m in the third quarter, backed by higher contributions from its associates and strong performance from its core business.

Regional mobile associates’ pre-tax earnings surged 28% on-year to $646m on back of robust mobile data take-up.

SingTel recorded revenue growth in its Singapore and Australia operations. Singapore revenue grew 7% on-year to $651m, while Australia revenue increased 7% to almost $2b.

Its Singapore operations were boosted by higher equipment sales and TV revenues, while Australia revenue accelerated on robust customer gains and higher average revenue per user (ARPU).