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May 27, 2021 published at 1:23 AMReuters A man using his mobile phone passes a Singtel signage at their head office in Singapore. Reuters SINGAPORE - Singapore Telecommunications Ltd posted its lowest net profit in at least two decades on exceptional losses and outlined a strategy to focus on areas such as 5G and develop new growth engines in information-communication technologies. Singtel, Southeast Asia’s largest telecoms operator, reported that annual net profit halved to $554 million - the lowest since at least 1998. Underlying net profit, which excludes exceptional items, was down 30 per cent year-on-year to $1.73 billion. Singtel recorded exceptional charges of about $1.18 billion for the full year, mostly related to impairment charges on its investments in digital marketing arm Amobee and cyber-security business Trustwave. It had flagged the charges earlier this month.

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