By Graham K. Rogers

In a press release that was put out a short while ago, SingTel is reporting double-digit growth for its second quarter on "robust performance" across all sectors.

The main points of the report are summarised by

• Net profit up 19%, up 22% in constant currency
• Underlying net profit increases 11%, up 14% in constant currency
• Strength in core business and focused execution drive earnings growth
• Solid performance in Singapore Consumer and Enterprise businesses
• Acquisitions add scale to Group Digital L!fe
• Regional mobile associates' pre-tax earnings grow 26%, up 33% in constant currency
• Interim dividend maintained at 6.8 cents per share

The press release shows that "Revenue rose 4% to S$4.31 billion from strong performances in ICT services, mobile data growth and equipment sales in Singapore and Australia, and higher digital marketing revenue."

Net profit increased 11% to S$979 million, but excludes gain of S$59 million - mainly from the dilution the equity stake in SingPost. If that had not been so, the profit would have been 14%, the report suggests.

A fuller outline of the Group's performance for Q2 2014, is available in the SingTel Press Release.

Graham K. Rogers teaches at the Faculty of Engineering, Mahidol University in Thailand where he is also Assistant Dean. He wrote in the Bangkok Post, Database supplement on IT subjects. For the last seven years of Database he wrote a column on Apple and Macs. He is now continuing that in the Bangkok Post supplement, Life.