Singapore Telecommunications (Singtel) reported a significant 42.9% increase in net profit for the first quarter ended June 30, reaching S$690 million, up from S$483 million the previous year. This notable rise was largely driven by a one-time exceptional gain resulting from Singtel’s reduction of its stake in Indian telecom giant Bharti Airtel, from 28.9% to 28.7%, and the sale of capital…
