Singtel's profits slid 26% YoY in Q1

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This is attributed to Airtel’s charges for regulatory costs. Singapore Telecommunications’ (Singtel) post-tax profits crashed 26% YoY to $574m in Q1 from $773 in 2019, according to an SGX filing. This is attributed to Airtel’s exceptional charges for regulatory costs, including the adjusted gross revenue matter and a one-time spectrum charge. Singtel took a net exceptional charge of $302m this quarter, mainly arising from Airtel’s provision for the spectrum charge. read more