StarHub Q1 net profit down by 24% to S$30.5 million

Singapore

MAINBOARD-LISTED telco StarHub saw its first-quarter earnings continue to slide on the back of lower service Ebitda, and losses in fledgling enterprise units, according to a business update on Tuesday.

Net profit fell by 24 per cent year on year to S$30.5 million for the three months to March 31, while revenue was down by 3.8 per cent to S$487.1 million, stymied by the consumer mobile business and fewer security projects.