For the year ended 31 March 2016, the Group performed in line with the guidance issued during the year.
Net profit grew 5.5% in constant currency terms. The strong underlying performance was underpinned by its core business driven mainly by higher mobile data usage and improved contributions from the associates. With the Singapore Dollar
strengthening against the Australian Dollar and the Indonesian Rupiah, net profit increased 2.4% to S$3.87 billion. Foreign currency movements negatively impacted net profit by S$119 million or 3.1 percentage points. Trustwave, Inc. (“Trustwave”), a newly acquired cyber security company consolidated from 30 September 2015, contributed S$147 million in
operating revenue, S$5 million in EBITDA and S$27 million in net loss (1). The Group’s operating revenue declined by 1.5% to S$16.96 billion, impacted by the steep decline of 9% of the Australian Dollar against the Singapore Dollar and the reduction in mobile termination rates (2) in Australia from 1 January 2016 (“rates change”). In constant currency terms,
operating revenue would have grown 4.1% with growth across all the business units. The rates change reduced operating revenue by S$188 million but had minimal impact on profitability. EBITDA declined by 1.5% to S$5.01 billion but
in constant currency terms would have increased by 4.1%. Group Consumer, the largest business segment, recorded lower operating revenue of 4.6%. In constant currency terms, operating revenue would have grown 3.0% (up 4.8% excluding the
rates change). EBITDA declined 1.2% but in constant currency terms would have increased strongly by 6.5% on strong
cost management, and lower mobile customer acquisition and retention costs in Australia as penetration of device repayment plans increased.