StarHub Q3 net profit down 23.3% to S$44.5 million
MAINBOARD-LISTED telco StarHub is still reeling from the impact of the Covid-19 pandemic on consumer demand, which has pushed down third-quarter earnings.
Net profit came in lower by 23.3 per cent year on year to S$44.5 million for the three months to Sept 30, according to financial results released on Friday evening.
Overall revenue fell by 14.5 per cent to S$489.7 million, while service revenue - which excludes equipment sales - dropped by 10.6 per cent to S$388.7 million.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone