SingTel's profit rises on boost from Aussie unit Optus and IT ops; shares gain

Quick Summary:

SINGAPORE Telecommunications posted a 5.4% rise in its first-quarter profit on Thursday, driven by strong performance in its domestic and Australian telecom operations, as well as in its IT business, sending its shares to a two-week high.

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Shares in SingTel rose more than 2%% by 0214 GMT, hitting their highest level since Aug.1.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaSingapore

Topics: Temasek SingTel Telcos /Business/Business News Optus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 11:07:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 216 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22083434

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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