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StarHub H1 earnings up 7.1% to S$82.1 million despite revenue staying largely flat

Earnings per share rise 8.5% to S$0.046, from S$0.042 in the corresponding period the year before

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Yong Jun Yuan
Jude Chan

Yong Jun Yuan &

Jude Chan

Published Wed, Aug 14, 2024 · 06:35 PM
    • StarHub has declared an interim dividend of S$0.03 per share for H1, compared to an interim dividend of 2.5 cents per share in the corresponding year-ago period.
    • StarHub has declared an interim dividend of S$0.03 per share for H1, compared to an interim dividend of 2.5 cents per share in the corresponding year-ago period. PHOTO: BT FILE

    MAINBOARD-LISTED telco StarHub on Wednesday (Aug 14) announced a net profit of S$82.1 million for the half-year ended June, up 7.1 per cent from S$76.7 million in the year-ago period.

    Earnings per share rose 8.5 per cent to S$0.046, from S$0.042 in the corresponding period the year before.

    The improvement in earnings comes despite revenue staying largely flat at S$1.1 billion in H1, mainly due to lower contributions from its mobile, broadband and entertainment segments, as well as sales of equipment. Revenue from these segments fell 4.3 per cent, 1.4 per cent, 3.9 per cent, and 6.4 per cent, respectively.

    Financial resultsStarHub

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