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

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.