Singapore Telecommunications Reports Third Quarter 2024 Earnings

Singapore Telecommunications (SGX:Z74) Third Quarter 2024 Results

Key Financial Results

• Revenue: S$3.59b (down 3.2% from 3Q 2023).

• Net income: S$465.0m (down 13% from 3Q 2023).

• Profit margin: 13% (down from 14% in 3Q 2023).

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 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia.

Performance of the market in Singapore.

The company’s share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 3 warning signs for Singapore Telecommunications you should be aware of, and 1 of them is a bit concerning.

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