Singtel's EBITDA dropped 24% to $897m in Q1

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No The group recorded lower equipment sales and roaming and prepaid mobile revenues. Singtel has posted an earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $897m in Q1 FY2020, which shows a 24% YoY crash from $1.18b in Q1 FY2019, according to its business update in the local bourse. Operating revenue likewise dropped 13.9% over the same period to $3.54b from $4.11b. These declines were mainly due to lower equipment sales, roaming and prepaid mobile revenues, delays or deferments of some ICT projects and reduced customer spending. read more