SingTel reported a strong third quarter with net profit up 6% to S$872 million despite adverse currency movements. In constant currency terms, net profit would have increased 13%. Singapore and Australia consumer operations achieve strong EBITDA growth. Revenue per household and the number of customers on triple bundles continued to increase. Mobile customers in Singapore and Australia are upgrading their data plans and enjoying a faster data network.
The Group continued to register strong customer growth. As of 31 December 2013, the combined mobile customer base grew 9% or 40.9 million in the year to cross the half billion mark. Pre-tax earnings from the regional mobile associates increased 11% to S$506 million with strong performance from all the associates. In constant currency terms, pre-tax earnings would have been up 24%.
No dividend was declared in this quarter. Based on current share value at today closing of $3.57, Singtel gave 16.8 cents of dividend yield for FY 2013 which work out to be 4.7%. Just like Starhub, their dividend yield is approximately 4.72% per annum which are also giving attractive dividend for a growth stock.
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