Singtel expects significant loss for second half of 2024, with $2.3 billion impairment.

From Investing.com: 2024-04-28 18:30:35

Singapore Telecommunications anticipates a net loss for the second half of fiscal year 2024, with exceptional non-cash impairment provisions of S$3.1 billion. The company expects lower net profit for the full year ending March 31, 2024, with about S$2 billion linked to Optus’ goodwill. A potential deal for Optus has been ruled out, leading to non-cash impairment provisions of S$470 million on enterprise fixed access network assets. Singtel aims to pay at the upper end of its dividend policy for the year.



Read more at Investing.com: Singtel expects to report loss for 2024 second-half; flags $2.3 billion impairment By Reuters