Singapore Telecommunications 2nd quarter net profit down 6.7 percent year-on-year


SINGAPORE — Singapore Telecommunications Thursday saw second quarter net profit slide 6.7 percent from last year, dragged down by losses suffered by a regional mobile associate.

The telecoms firm, the largest in Southeast Asia by revenue, said net profit in the July-September quarter totaled SG$892 million compared with SG$956 million last year.