Singtel and ST Engineering stock developments, Digi Mart USA News: Several Singapore-listed companies saw new developments that may affect trading of their securities on Friday (Nov 13).
Telecommunications giant Singtel posted a 55 per cent decline in net profit to S$1.54 billion for the first half-year ended September, from S$3.4 billion in the year-ago period. The drop was mainly due to the absence of S$2.21 billion in net exceptional gains recorded a year earlier from the partial sale of its stake in Airtel and the Intouch-Gulf Energy merger.
Excluding exceptional items, underlying net profit rose 10 per cent to S$1.49 billion, from S$1.35 billion a year earlier. The company declared a 10 per cent higher interim dividend of S$0.09 per share.
Singtel closed S$0.01, or 0.2 per cent, higher at S$4.15 on Thursday.
Technology and engineering group ST Engineering posted a 9 per cent year-on-year increase in revenue to S$3.4 billion for the third quarter ended September, from S$3.1 billion a year earlier, it said on Friday. It also declared a third-quarter interim dividend of S$0.05 per share, up from S$0.04 a year earlier.
Together with its first- and second-quarter dividends of S$0.04 and S$0.05 per share, respectively, this brings the total dividend for the first nine months to S$0.14 per share. ST Engineering closed S$0.02, or 0.2 per cent, higher at S$9.76 on Thursday.
