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Hot stock: StarHub declines as much as 8.1% after profit falls 

Chelsea Ong

Published Wed, Feb 8, 2023 · 11:25 AM
    • The share price decline comes after the company on Tuesday reported a 98.4% year-on-year decline in net profit to S$1.3 million.
    • The share price decline comes after the company on Tuesday reported a 98.4% year-on-year decline in net profit to S$1.3 million. PHOTO: STARHUB

    SHARES of StarHub fell as much as 8.1 per cent on Wednesday (Feb 8), after the telecommunications company reported a 98.4 per cent drop in net profit for the second half of the financial year on Tuesday night.

    The telco shed as much as 8.1 per cent or S$0.09 to S$1.02 as at 10.31 am. By 11.35 am, the counter was down 7.2 per cent or S$0.08 to S$1.03. The last time StarHub closed near this level was Jan 13.

    There were no married deals recorded, according to ShareInvestor data.

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