Singtel expects to report loss for 2024 second-half; flags $2.3 bln impairment
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Singapore Telecommunications (Singtel) expects to report a net loss for the second half of fiscal year 2024, with impairment provisions of $2.3 billion. The company also warned of a lower net profit for the full year ended March 31, 2024. Singtel attributes the impairment provisions to Optus' goodwill and Optus itself expects impairment provisions of $470 million on its fixed access network assets. Singtel remains on track to pay dividends at the upper end of its policy.
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