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SingTel posts 14% jump in full-year net profit By Reuters

© Reuters. FILE PHOTO: A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo

(Reuters) – Singapore Telecommunications on Thursday posted a 14% jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as rising 5G adoption.

Southeast Asia’s largest telecom firm said net profit for the year ended March was S$2.23 billion ($1.68 billion), compared with S$1.95 billion a year ago. Analysts were expecting S$2.26 billion, according to Refinitiv.

($1 = 1.3245 Singapore dollars)

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