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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Bharti Airtel Ltd    532454   INE397D01024

BHARTI AIRTEL LTD

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Singapore Telecommunications Swung to Net Loss in 2Q

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11/14/2019 | 07:36pm EST

By Justina Lee

Singapore Telecommunications Ltd. (Z74.SG) swung to a net loss in the second quarter as earnings were weighed down by a significant provision at Indian associate Bharti Airtel.

Singtel's net loss in the July-September period was 668 million Singapore dollars ($490.4 million) compared with a net profit of S$667 million in the same period a year earlier, it said late Thursday.

Excluding Bharti Airtel, Singtel's net profit grew 4.2% on year in 2Q.

Bharti Airtel recorded an exceptional provision of approximately S$5.49 billion in the quarter, with Singtel's share amounting to S$1.93 billion before tax, the company said.

Bharti Airtel was affected by a court ruling in India regarding the definition of adjusted gross revenue for the local telco industry, it said.

Singtel's operating revenue fell 2.8% to S$4.15 billion.

Write to Justina Lee at justina.lee@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AIRTEL AFRICA PLC 1.53% 69.9 Delayed Quote.-12.57%
BHARTI AIRTEL LTD 5.47% 500 End-of-day quote.10.13%
SINGAPORE TELECOMMUNICATIONS LIMITED -0.90% 3.3 End-of-day quote.-2.65%
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Financials (INR)
Sales 2020 864 B
EBIT 2020 81 953 M
Net income 2020 -258 602 M
Debt 2020 1 092 B
Yield 2020 0,55%
P/E ratio 2020 -8,57x
P/E ratio 2021 229x
EV / Sales2020 4,42x
EV / Sales2021 3,95x
Capitalization 2 728 B
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 517,96  INR
Last Close Price 500,00  INR
Spread / Highest target 20,0%
Spread / Average Target 3,59%
Spread / Lowest Target -26,6%
EPS Revisions
Managers
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Sunil Bharti Mittal Chairman
Ajai Puri Chief Operating Officer-India & South Asia Region
Nakul Sehgal Chief Financial Officer
Harmeen Mehta Global Chief Information Officer
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