Summary
- Singapore Telecommunications reported a 64% drop in full-year net profit due to a S$3.1 billion impairment charge.
- Majority of the charge relates to its mobile network operation unit Optus in Australia.
- Excluding the one-time charge, the company’s underlying net profit rose 10%.
- The company’s top revenue generator, Optus, saw revenues largely unchanged at A$8.06 billion.
