Singtel expects to report loss for 2024 second-half; flags $2.3 billion impairment
Channel NewsAsia·2024-04-29 07:09
Singapore Telecommunications said on Monday it expects to report a net loss for second-half of fiscal year 2024, as it flagged exceptional non-cash impairment provisions of S$3.1 billion ($2.28 billion) for the period.
The company also warned that it would report a lower net profit for the full-year ended March 31, 2024.
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