SingTel to pay S$4 billion to shareholders

Advanced Search

Feedback

Reader's Poll

Any data to show

Teledata

Mobile Subscribers Yearwise comparision

SingTel to pay S$4 billion to shareholders

May 15, 2006

Be the first to comment!

SingTel has said it will pay S$4 billion ($2.5 billion) to shareholders as it reported a 27 per cent rise in full-year (2005-06) net profits. The S$4 billion payout includes S$1.7 billion in dividends and S$2.3 billion in capital reduction. According to the company, the increase in net profit to S$4.2 billion for the fiscal year ended March 2006 was due to strong growth in Asia's regional mobile phone sector. The company has invested S$17 billion in Australia, Thailand, the Philippines, Indonesia and South Asia. SingTel also plans to increase its stake in existing mobile phone companies and expand further in South Asia to promote growth.