Co is a S'pore-based ornamental fish service provider. [FY18 Turnover] Accessories (46.5%), fish (39.9%), plastics (13.6%).
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Insight
Feb-19, 9M19 operating revenue remained flat at $13b. Shared profit of associates and JVs fell 17.7% to $1.9b due to lower profit contributions from Airtel and Telkomsel as a result of intense competition. With the absence of divestment gain of NetLink Trust, net profit were halved to $2.3b.
Nov-18, 1H19 operating revenue remains flat at $8.4b attributed to strong postpaid mobile customer growth and higher equipment sales across Singapore and Australia. Shared profit of associates and JVs fell 22.5% to $0.8b due to lower profit contributions from Airtel and Telkomsel. Meanwhile, exceptional gains decreased by $1.9b to $12.9m following the sale of units in NetLink Trust. Consequently, net profit declined 60% to $1.5b.
