Karachi: Singapore’s SingTel, the parent company of Waird Tel, saw its net profit fall 9.6% in the December quarter to S$902 million ($717.1 million), despite a 2.7% increase in revenue.
The company blamed the decline on higher customer acquisition costs in Singapore, 3G rollout costs accrued by Bharti Airtel and weaker contributions from the other regional mobile affiliates it owns stakes in.
All told, the contribution from SingTel’s mobile affiliates – Airtel, Indonesia’s Telkomsel, the Philippines’ Globe Telecom, Thailand’s AIS, Bangladesh’s Warid and Pakistan’s PBTL – declined 7.9% to S$449 million.
Separately, SingTel revealed its total customer base including its mobile affiliates increased 13% year-on-year during the quarter to 433.5 million.
SingTel earned a revenue of S$4.83 billion for the quarter, with domestic revenue increasing 2.5% to S$1.67 billion.
Wholly-owned subsidiary Optus grew its revenue 1.5% to A$2.42 billion ($2.59 billion), or 2.8% in local currency to S$3.15 billion.
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