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| Singtel’s Financial Performance FY2012 |
For the full year ended 31 March 2012, the Group’s revenue increased 4.2% to S$18.83 billion and net profit increased 4.3% to S$3.99 billion. The Group’s free cash flow was S$3.46 billion, which was 14% lower due to higher capital expenditure and special dividends received from AIS a year ago. Cash flows from the Singapore business was S$1.17 billion.
Revenue from Singtel Singapore grew 2.3% to S$6.6 billion. Our mobile services continued to be a key driver with revenue growth of 7.3% to S$1.92 billion, driven by strong postpaid customer acquisitions. EBITDA was stable at S$2.24 billion, reflecting investments in mio TV content and higher mobile customer connections. Net profit rose 19.4% to S$1.57 billion after including the exceptional tax credit on transfer of assets to an associate.
For the full year, Optus saw a 0.9% increase in operating revenue to A$9.37 billion while EBITDA grew 1.0% from revenue growth and prudent cost management. Net profit increased 1.5% to A$787 million.
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The Group’s share of pre-tax ordinary profit from the regional
mobile associates declined 6.2% to S$1.9 billion on weaker regional
currencies and higher fair value losses. The Group and our regional
mobile associates continued to register strong customer growth
and had 445 million mobile customers as at 31 March 2012, a 10.7%
increase from a year ago.
Singtel has a strong track record of cash returns to shareholders. The ordinary dividends paid and proposed in respect of the financial year ended 31 March 2012 represent 68% of underlying net profit. Our total shareholder payout is S$27 billion over the last 10 years or 76% of earnings over the same period. |
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| Key financial highlights |
Group (S$m) |
Growth (%) |
Singapore (S$m) |
Growth (%) |
* The final ordinary dividend in respect of the financial year ended 31 March 2012 totalling approximately S$1.4 billion as proposed by the Directors are subject to approval at the Annual General Meeting in July 2012
** Due to a special dividend of approximately S$1.6 billion in the previous year
*** Due to an exceptional tax credit of S$270 million on the increase in value of assets transferred to an associate |
| Revenue |
18.825 |
4.2 |
6,551 |
2.3 |
| Retained earnings |
24.434 |
(0.5) |
N.A. |
N.A. |
| Net profit |
3.989 |
4.3 |
1,572 |
19.4 |
| Operating costs (excluding staff costs) |
11.397 |
4.7 |
3,474 |
3.1 |
| Staff costs |
2,313 |
5.3 |
985 |
9.3 |
| Dividends to shareholders |
2.518* |
(38.7)** |
N.A. |
N.A. |
| Tax expense |
978 |
(16.4) |
(183)*** |
N.A. |
| N.A. denotes Not Available. N.M. denotes Not Meaningful |
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