Today, Singtel announced a final dividend of S$0.10 per share and launched its first-ever share buyback programme of up to S$2 billion, driving a 4% increase in its stock price.Singtel reported a fourfold jump in full-year net profit to S$4.02 billion, primarily due to S$1.55 billion in net exceptional gains (mainly from the partial sale of its Comcentre headquarters). However, core net profit excluding one-off items rose only 9% to S$2.47 billion.CEO Yuen Kuan Moon stated that through asset recycling and optimizing capital structure, the company is able to return more value to shareholders. The share buyback initiative, together with the enhanced dividend policy, underscores the company’s commitment to improving total shareholder returns.As Singapore's earnings season is wrapping up over
SG Stocks Climb After Earnings: Who Can Keep It Up?
As Singapore's earnings season is wrapping up over the next two weeks, Which company stood out during this round of earnings? And which company flashed warning signs?
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