Year ended: Mar 2004 (S$ million) Mar 2003 (S$ million) Change
Operating revenue 11,995 10,259 16.9%
Operational EBITDA 4,288 3,743 14.6%
Share of associates’ ordinary earnings 1,444 775 86.5%
Earnings before interest, tax, depreciation and amortisation (EBITDA) 5,745 5,112 12.4%
Net profit after tax (pre-goodwill & exceptionals) 2,852 2,167 31.6%
Net profit after tax 4,485 1,401 220%
Quarter ended: Mar 2004 (S$ million) Mar 2003 (S$ million) Change
Operating revenue 3,164 2,729 15.9%
Operational EBITDA 1,107 952 16.3%
Share of associates’ ordinary earnings 385 252 52.9%
Earnings before interest, tax, depreciation and amortisation (EBITDA) 1,557 1,311 18.8%
Net profit after tax (pre-goodwill & exceptionals) 701 617 13.5%
Net profit after tax 1,961 313 527%

Singapore Australia
Ivan Tan Stephen Woodhill
Phone: +65-68382007 or
+65-96359765
Phone: +61-2-93427850 or
+61-2-413318455
E-mail: ivantan@singtel.com E-mail: stephen.woodhill@optus.com.au