<div id="readability-page-1"><div><p>[SINGAPORE] Singtel on Thursday (May 21) posted a net profit of S$2.2 billion for its second half ended Mar 31, 20.9 per cent down from S$2.8 billion in the year-ago period.</p><p>For the six months, the group’s underlying net profit rose 10.6 per cent for H2, to S$1.4 billion from S$1.3 billion previously.</p><p>For the second half, revenue stood at S$7.4 billion, up 2.7 per cent on the year from S$7.2 billion.</p><p>The board proposed a final ordinary dividend of S$0.103 per share, totalling to S$1.7 billion for the financial year ended Mar 31. This consists of a S$0.07 per share core dividend and a value realisation dividend of S$0.033 per share.</p><p>With no operations in the Middle East, the group said its direct exposure to the region’s crisis is limited. However, it noted that most of its key markets are net energy importers and “susceptible to global energy price volatility”.</p><p>“While existing long-term power contracts should help mitigate this exposure, there could be second-order implications in the form of inflationary pressure resulting in higher operating costs, softer consumer and business spending and slower economic growth,” said Singtel.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="760" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1dc7a7ac515d161b730cf8bee368dc78f49576eb836bdd0c7827baea7531cc65/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1140" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1dc7a7ac515d161b730cf8bee368dc78f49576eb836bdd0c7827baea7531cc65/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Parliament approves shift of Singtel discounted shares to direct shareholder ownership</span></h3><p></p></div></div><div><div><div><p><img height="889" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/3a472e55b566902418516c3bbab729b062ffe430cebcb201c4058b3eed0591d5/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/3a472e55b566902418516c3bbab729b062ffe430cebcb201c4058b3eed0591d5/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Grab to consolidate Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank</span></h3><p></p></div></div></div></div></div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>“This will affect the group’s foreign exchange risk stemming from volatility in the regional currencies where it operates, further impacting translated earnings.”</p><p>The counter closed on Wednesday 0.8 per cent or S$0.04 higher at S$5.02.</p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

SGAPY

<p>Singtel reported a net profit of S$2.2 billion for H2, down 20.9% from S$2.8 billion a year ago. However, underlying net profit rose 10.6% to S$1.4 billion. Revenue increased by 2.7% to S$7.4 billion. The board proposed a final dividend of S$0.103 per share. Singtel noted limited exposure to the Middle East crisis but warned of potential inflationary pressures affecting operating costs and economic growth.</p>

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Singtel H2 net profit down 20.9% at S$2.2 billion