Singapore Telecommunications Second Quarter 2023 Earnings: EPS: S$0.033 (vs S$0.031 in 2Q 2022)

Singapore Telecommunications (SGX:Z74) Second Quarter 2023 Results

Key Financial Results

• Revenue: S$3.67b (down 4.7% from 2Q 2022).
• Net income: S$541.7m (up 6.4% from 2Q 2022).
• Profit margin: 15% (up from 13% in 2Q 2022). The increase in margin was driven by lower expenses.
• EPS: S$0.033 (up from S$0.031 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Singapore Telecommunications Earnings Insights

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia.

Performance of the market in Singapore.

The company's shares are up 6.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Singapore Telecommunications that we have uncovered.

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