SingTel's net profit slips 8.2% to $867.7m

But rose 4.2% QoQ to S$886m.

According to OCBC, SingTel reported its 2QFY13 results this morning, with revenue easing 0.8% YoY (but +0.9% QoQ) to S$4572.0m, underpinned by strong operating performance from Singapore and its regional mobile associates despite the impact of weaker regional currencies.

Here's more from OCBC:

Reported net profit fell 1.6% YoY and 8.2% QoQ to S$867.7m, while underlying net profit rose 0.1% YoY and 4.2% QoQ to S$886.0m.

Revenue fell 1.2% to S$9105.0m in 1H13, meeting 48% of our FY13 forecast, while core earnings eased 1.3% to S$1736.0m, or 45% of estimate.

SingTel has also declared an interim dividend of S$0.068/share, or a payout of 62% of underlying earnings.

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