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FILE PHOTO A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo Acquire Licensing Rights
Aug 21 (Reuters) – Singapore Telecommunications (STEL.SI) on Monday reported a 23% decline in its first-quarter net profit owing to a one-off loss incurred by Airtel as the Nigerian naira depreciated sharply against the U.S. dollar.
Southeast Asia’s largest telecom firm said net profit for the quarter ended June 30 was S$483 million ($355.91 million), compared with S$628 million a year earlier.
($1 = 1.3571 Singapore dollars)
Reporting by Sameer Manekar and Upasana Singh in Bengaluru; Editing by Muralikumar Anantharaman
Our Standards: The Thomson Reuters Trust Principles.
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