Singapore Telecommunications Reports Third Quarter 2024 Earnings
Singapore Telecommunications (SGX:Z74) Third Quarter 2024 Results
Key Financial Results
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Revenue: S$3.59b (down 3.2% from 3Q 2023).
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Net income: S$465.0m (down 13% from 3Q 2023).
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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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