Singapore Telecom sees revenues dinged by exchange rates in its Q4

Singapore Telecommunications (OTCPK:SGAPY) fell slightly short on revenues though underlying profit was in line in the company"s fourth quarter earnings.

Group revenue of S$4.33B ticked up just 0.4% Y/Y but was up 2.8% in constant currency.

EBITDA of S$1.235B compared to expecations for S$1.23B despite falling nearly 6% from the prior year.

Free cash flow was S$800M, up 4.8%.

For 2019, the company"s expecting revenues to grow in low single digits, and for EBITDA to be stable. Free cash flow is projected at S$1.9B; cash capex and accrued capex is forecast at S$2.2B (A$1.4B for Optus, S$0.8B for the rest of Singtel).

Press release