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Earnings Analysis: 
Singapore Telecom Net Drops 16%
Author: 123jump.com Staff
123jump.com
Last Update: 10:13 PM ET February 10 2009


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Singapore Telecommunications Limited, the largest telephone company in South Asia third quarter sales slipped 3.2% to S$3.7 billion and net profit dropped 16% to S$799 million or 5.01 cents a share.

 
10:00AM Singapore, Singapore – Singapore Telecommunications Limited sales slipped 3.2% and net profit dropped 16%.

Singapore Telecommunications Limited, Southeast Asia’s largest telephone company said third quarter sales slipped 3.2% to S$3.7 billion. Net profit in the quarter dropped 16% to S$799 million or 5.01 cents per diluted share compared to net profit of S$952 million or 5.96 cents per share, a year ago.
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