SingTel rings up higher Q2 profit

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SINGAPORE, Nov 7 (AFP): Singapore Telecommunications (SingTel) said today net profit in the second quarter to September rose 3.3 per cent, driven by its regional mobile business.
Net profit for the period totalled 988 million Singapore dollars (686 million US), compared with 956 million dollars in the same period a year ago, it said.
The result surpassed market expectations of 899-960 million dollars in net profit for Southeast Asia's largest telecoms firm.
Second-quarter revenue grew 11 per cent to 3.7 billion dollars from 3.33 billion dollars a year ago, SingTel said.
In the half-year to September, revenues increased 10.7 per cent to 7.26 billion dollars while net profit surged 6.6 per cent to 1.91 billion dollars, it said.