SingTel has taken 'bold decisions' in restructuring business
South East Asia's biggest telecommunications company SingTel has reported a fall in profits for the second quarter of this year.
SingTel posted net profit of S$868m ($710m) for the three months to September, down from S$882 million a year earlier.
SingTel has major investments in India, Indonesia and Australia, which make it vulnerable to movements in exchange rates.
Manoj Menon, managing director at Frost & Sullivan told the BBC's Asia Business Report that the company's recent decision to reorganise its operations were being keenly watched by investors and analysts.
14 Nov 2012
- From the section Business