Year ended: Mar 2003 
(S$ million)
Mar 2002 
(S$ million)
Change
Operating revenue 10,259 7,269 41%
Operational EBITDA 3,743 3,057 22%
Associates and joint ventures 1,032 241 329%
Earnings before interest, tax, depreciation and amortisation (EBITDA)* 5,112 3,635 41%
Net profit after tax (pre-goodwill) 2,033 1,984 2.5%
Net profit after tax 1,401 1,631 (14%)
Quarter ended: Mar 2003 
(S$ million)
Mar 2002 
(S$ million)
Change
Operating revenue 2,729 2,394 14%
Operational EBITDA 952 855 11%
Associates and joint ventures 275 (0.7) n.m.
Earnings before interest, tax, depreciation and amortisation (EBITDA)* 1,311 938 40%
Net profit after tax (pre-goodwill) 461 350 32%
Net profit after tax 313 182 72%

Singapore
Ivan Tan
Phone: +65-68382007 or
+65-96359765
E-mail: ivantan@singtel.com

Australia
Stephen Woodhill
Phone: +61-2-93427850 or
+61-2-413318455
E-mail: stephen.woodhill@optus.com.au