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SingTel 'resilient' in Q1 2014/.15, despite net profit, revenue and EBITDA all falling

Mike Gee | Aug. 14, 2014
Net profit declined 17 percent to S$835 million (US$667 million).

"In the digital space, Amobee acquired Adconion, a cross channel digital advertising company with market presence in the US and Australia, and Kontera, a digital content analytics platform. With Kontera's unique technology and Adconion's relationships with major advertisers, these investments will differentiate and strengthen Amobee's position."

The company noted that the Australian Dollar and regional currencies weakened significantly against the Singapore Dollar, with the Australian Dollar and Indonesian Rupiah declining 5 per cent and 19 per cent, respectively, from a year ago. However, from a quarter ago, currency movements had stabilised.

The Singapore operations continued to grow its consumer home and mobile businesses. In Australia, mobile service revenue was stable, reflecting Optus' strategy to drive data revenue growth.

Free cash flow generated in the first quarter was up 33 per cent to $S1.18 billion on strong operating cash flow from Singapore and Australia.


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