Underlying net profit, which excludes one-time items, fell 3.5 percent. Singtel said pre-tax profit contribution from Airtel, India's top telecoms operator, dropped 42 percent due to fierce competition. Singtel said it maintained its outlook provided in May. The company had forecast consolidated revenue to grow by mid-single digits and earnings before interest, tax, depreciation and amortisation (EBITDA) by low single digits for the full year ending March 2018. In July, Singtel listed its broadband unit NetLink NBN Trust in a $1.7 billion initial public offering, reducing its stake in the subsidiary to 24.99 percent.
Copyright Reuters, 2017