Aug-18, 1Q19 operating revenue fell marginally by 0.5% to $4.1b. Share of results of associates and JVs fell 22.3% to $400.7m due to lower profits at Telkomsel, loss from Airtel as well as lower contribution from NetLink NBN Trust due to lower economic interest. Exceptional gains of $76.5m arising from the disposal of a property in Singapore helped cushion the bottom line. Overall, net profit decreased 6.6% to $831.5m.

May-18, FY18 operating revenue rose by 4.9% to $17.5b due to strong mobile & fixed broadband customer growth in Australia and higher contribution from digital segment. Shared profit of associates and JV fell by 11.4% to $1.8b due to lower profit contributions from Airtel. Overall, net profit grew 41.5% to $5.5b due to strong performance by core and digital businesses, further lifted by NetLink Trust divestment gains.