Singtel reports 21% rise in operating profit

Singtel reported a 21 percent increase in operating profit to 831 million Singapore dollars for the first quarter of fiscal year 2027, ending in June. This growth reflects increased demand and more efficient core business processes.

Despite the rise in operating results, the company’s net profit fell by 71.6 percent to 818 million Singapore dollars compared to the previous year. Management attributed this significant discrepancy to one-time special effects in the prior year that distorted the comparison. Revenue for the period rose 4.9 percent to 3.558 billion Singapore dollars.