Singtel Q1 profit jumps 41% on partly owned Airtel’s turnaround

Singapore Telecommunications Ltd (Singtel) on Wed (Aug 24) published a 41 per cent jump in their first-quarter net profit, assisted by partly-owned Bharti Airtel’s resilient transformation.

Singtel’s net profit for the quarter ended June 30 and went up to S$628 million (US$450. 15 million) from S$445 million a year ago.