Singtel associate earnings badgered by Airtel

Contributions from its Indian arm fell sharply by 60.2%.

Overall operating profits from Singtel's associates overseas fell slightly by 1.3%, due largely to Airtel which suffered a 60.2% decline in yields as it faces intense competition in India.

According to CIMB, AIS in Thailand and Globe in the Philippines also recorded declines in operating profit at 21.3% and 17%, respectively.

This was partly buffered by higher contributions from Indonesia's Telkomsel, which saw yields rise by 17.5%.

On a quarterly basis, associate earnings rose 2.5% due to Telkomsel (+3.5%) and full quarterly contribution from InTouch (+305%).
 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley