Singtel Climbs on Higher Guidance, Strong First-Half Profit

Singapore Telecommunications Ltd’s shares rose 2% after the company said it expects to book a higher operating profit for the full year after posting strong results in the first half.

The company, popularly known as Singtel, now sees operating company earnings before interest and tax to grow as much as in the low-double digits for the financial year ending March. The forecast comes as the company awaits the outcome of a probe into the deadly emergency service outage of its Australian unit Optus that could result in major financial penalties.