Finances shape how companies are progressing and moving. It is important for any company to hold tightly on their financial year, being able to increase their revenue, profit and still maintain their growth rate. Singtel which is the main Telecommunications company in Singapore has recently released its Q4 results for the fiscal year.
According to the reports, the company was successful to have a minimal increase in the net profit which reached a total of 0.4% up to S$773 million which was originally S$769.6 million from the past year. This was reflected in the earnings per share of the company which has increased from the past quarter a total of 0.02 cent per share. The values for the final dividend calculated reached a total of 10.7 cents per share. This was a huge success and excel for the overall yearly dividend per share to reached a total of 17.5 cents.
This was a huge progress for the company in terms of growth. Yet, there was a slight setback in the overall net profit which showed a decrease of almost 43.5% (from S$5.47 billion to S$3.09 billion). However, this decrease was only due to the fact that the company has received in the previous year an investment from NetLink Trust divestment.
The CEO of Singtel Group called Chua Sock Koong was very excited about the news. He commented saying, “The markets in India and Indonesia were also affected by “intense competition. Looking ahead, we will accelerate our digitalization efforts to drive better customer experience and improve productivity and cost structure by transforming our processes.”