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Singtel group quarterly revenue, EBITDA down 0.5%, 2.7%

8 Aug 2018

Singapore’s Singtel posted a 0.5% year-on-year decrease in total group revenue to SGD4.134 billion (USD3.027 billion) in the three months ended 30 June 2018, the first quarter of its fiscal year. Quarterly group EBITDA dropped 2.7% y-o-y to SGD1.207 billion and net profit stood at SGD832 million for the three-month period, 6.6% lower than the year-ago quarter. Singtel noted that in constant currency terms its group revenue rose 2% in the period under review, whilst profitability levels were affected by weaker net results from associated companies Airtel (India) and Telkomsel (Indonesia) due to ‘intense competition’ as well as reduced economic interest in Australia’s NetLink NBN Trust.

In Singtel’s Singapore Consumer segment, quarterly revenue was up 1.7% y-o-y at SGD547 million, whilst EBITDA fell 2.6% to SGD193 million largely due to cessation of certain TV content rights. The Singapore Enterprise division posted revenue of SGD1.129 billion in the three-month period, down 5.1% y-o-y. Singapore Consumer mobile service revenue fell 3.8% as mobile data revenue (including data roaming) only partly offset declines in voice roaming, while equipment sales grew 5.5% on higher take-up of premium handsets. Singaporean mobile subscribers totalled 4.081 million at end-June 2018, down from 4.128 million twelve months earlier, with ARPU reported at SGD35 (compared to SGD36 a year ago); fixed broadband lines increased to 621,000 (613,000) including 606,000 fibre accesses (570,000).

Australian subsidiary Optus posted 5.4% and 2.8% y-o-y improvements in quarterly revenue and EBITDA, respectively, on customer growth and higher equipment sales, with underlying mobile service revenue growth of 2%. Optus mobile customers increased to 10.172 million at 30 June 2018, up from 9.765 million a year previously, with ARPU stable at AUD32 (USD23.7), and the Australian operator’s total fixed broadband accesses climbed to 1.249 million (1.174 million).

Australia, Singapore, Optus, Singtel, Singtel Group

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