SingTel Says Expect Exceptional Non-Cash Impairment Provisions Of About S$3.1 Bln For 2H24

Apr 28, 202422:57 UTC

Singapore Telecommunications Ltd Z74:

SIGNIFICANT NON-CASH IMPAIRMENT PROVISIONS FOR 2ND HALF YEAR AND FY ENDED 31 MARCH 2024)
EXPECTS TO RECOGNISE EXCEPTIONAL NON-CASH IMPAIRMENT PROVISIONS OF APPROXIMATELY S$3.1 BILLION FOR SECOND HALF YEAR ENDED 31 MARCH 2024
EXPECTS TO RECOGNISE EXCEPTIONAL NON-CASH IMPAIRMENT PROVISIONS OF APPROXIMATELY S$3.1 BILLION FOR SECOND HALF YEAR ENDED 31 MARCH
OPTUS EXPECTS TO RECORD NON-CASH IMPAIRMENT PROVISIONS OF A$540 MILLION
EXPECTS TO REPORT A NET LOSS FOR THE SECOND HALF YEAR
OPTUS ENTERPRISE HAS BEEN REPORTING STEEP DECLINES IN FIXED CARRIAGE REVENUE DUE TO CHURN AND PRICE EROSION
SEES A LOWER NET PROFIT FOR THE FINANCIAL YEAR
AN ESTIMATED S$280 MILLION OF NON-CASH IMPAIRMENT PROVISION IS EXPECTED FOR NCS AUSTRALIA DUE MAINLY TO HIGHER COST OF CAPITAL
ON TRACK TO PAY AT THE UPPER END OF ITS DIVIDEND POLICY FOR THE FINANCIAL YEAR
GROUP EXPECTS TO RECORD A NON-CASH IMPAIRMENT PROVISION FOR GOODWILL OF ABOUT S$340 MILLION FOR ASIA PACIFIC CYBER SECURITY BUSINESS