Singapore Telecommunications, Southeast Asia’s largest phone company, said fourth-quarter profit rose 12% after revenue increased at its regional businesses and its Optus unit in Australia.
Net income gained to $1.02 billion, or 6.4 cents a share, in the three months ended March 31, from $903 million, or 5.7 cents, a year earlier, the company said in a statement today. That compares with the $1.01 billion median estimate of three analysts surveyed by Bloomberg News.
