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SingTel Q1 profit slumps 23% on unfavourable currency move, high costs

Singapore Telecommunications (SingTel), Southeast Asia's largest telecoms company, owns an effective 29.5% stake in India's Bharti Airtel. SingTel said in a statement net profit for the quarter ended June 30 was S$483 million ($355.91 million), compared with S$628 million a year earlier. In the three months ending June 30, SingTel logged a net exceptional loss of S$88 million owing to a sharp depreciation in the Nigerian naira, compared with an exception gain of S$129 million a year ...
Muralikumar Anantharaman Upasana Singh Bharti Airtel Sameer Manekar Singapore Telecommunications Singapore Telecommunications Singtel
Source: yahoo.com

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Chinese carmaker BYD buys US firm Jabil's mobility business for $2.2 billion

The deal will expand BYD Electronic (International) Co's (BE) customer base, product portfolio, and its business of smartphone components, and boost its growth as it looks to capture the potential growth in the sector. Jabil Circuit (Singapore), which manufactures printed circuit boards, established a unit this month with product manufacturing business in Chengdu and Wuxi, which will now be sold to the Chinese EV maker. Jabil in a statement said if the deal is completed, the definitive ag...
Sameer Manekar Kenny Wilson Muralikumar Anantharaman Sherry Jacob Phillips Co Ltd Electronic International Co
Source: yahoo.com

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