Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Singtel share price down 1% after full-year profit sinks 44%

For the full year, earnings per share stood at 18.96 Singapore cents, lower than the 33.53 Singapore cents a year ago.

Singtel on Wednesday posted a 0.4% rise in net profit to S$773 million for the fiscal fourth quarter ended March 31, compared to S$769.6 million a year ago.

For the full year, net profit fell by 43.5% to S$3.09 billion, from S$5.47 billion a year ago, due to an exceptional gain in the previous year from the group’s NetLink Trust divestment, and lower contributions from the trust.

Earnings per share (EPS) for the quarter was at 4.74 Singapore cents, compared to 4.72 Singapore cents a year ago. For the full year, EPS stood at 18.96 Singapore cents, lower than the 33.53 Singapore cents a year ago.

Singtel share price

Singtel shares eased 0.95% or S$0.03, to S$3.12 minutes into trading on Wednesday morning.

The company’s shares had closed at S$3.15 on Tuesday, higher by one Singapore cent.

Singtel earnings report highlights

Revenue for the fourth quarter gained 1.9% from S$4.26 billion to S$4.34 billion, supported by growth from Singtel’s consumer and digital businesses.

Pre-tax profits for regional associates sank 20% to S$389 million from Airtel’s results, which was impacted by competitive pressures and spectrum amortisation and network costs from the continued expansion of their respective 4G networks.

Underlying profit for the full year was lower by 21% on losses from Airtel, currency headwinds, lower contributions from Telkomsel, and an erosion of carriage services.

Singtel’s board is recommending a final dividend of 10.7 Singapore cents per share, bringing total ordinary dividend per share for the year to 17.5 Singapore cents. The dividend will be paid on August 15, 2019, pending shareholders’ approval.

Going forward, the group expects its consolidated revenue to grow by a mid-single-digit. Capital expenditure is predicted to be around S$2.2 billion.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.