StarHub Q4 gain up, but top line continues shift towards lower-margin enterprise business

Annabeth Leow

Published Thu, Feb 20, 2020 · 09:50 PM

Singapore

STARHUB'S full-year service revenue was worse than forecast in 2019, though management is holding on to hopes of a better year ahead - Covid-19 outbreak notwithstanding.

That's as a cost-cutting drive helped to push net profit for the three months to Dec 31, 2019 to S$34.9 million, up from S$19.8 million in the year before, while turnover dipped by 1.8 per cent to S$608.4 million.

With the company sticking to its trimmed annual dividend pledge of S$0.09 a share for the second year, chief executive Peter Kaliaropoulos said in a statement: "We are now in a stronger position to invest in growth and diversify our business, inclu…