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Singtel profit drops 55% as divestment gains fade

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Singtel profit drops 55% as divestment gains fade

Singtel’s first-half net profit fell 55 per cent to 1.54 billion Singapore dollars, mainly because it recorded fewer divestment gains. Underlying profit rose 10 per cent, revenue grew 6 per cent, and the group raised its full-year operating earnings outlook.

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