Daily Singapore News

Singapore Telecommunications Limited (SingTel) net profit has fallen by 16.1% to S$799 million for the third quarter (October-December) of 2008 as compared to S$952 million one year ago.

Due the fact that a large part of SingTel’s operations is overseas, the stronger Singapore dollar against key currencies in the region has hurt its profit.

Read more on SingTel Group’s results for the third quarter and nine months ended 31 December 2008.

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