SingTel Says Expect Exceptional Non-Cash Impairment Provisions Of About S$3.1 Bln For 2H24
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Singapore Telecommunications Ltd (SingTel) expects to recognize exceptional non-cash impairment provisions of about S$3.1 billion for the second half of the financial year ending March 2024. Optus, SingTel's subsidiary, also expects to record non-cash impairment provisions of A$540 million. SingTel is on track to pay dividends at the upper end of its policy for the financial year. The group also expects to record a non-cash impairment provision of about S$340 million for its Asia Pacific Cyber Security business.
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