StarHub Q4 gain up; consumer sector still tough

Singapore

MAINBOARD-LISTED StarHub expects service revenue to be stable year on year in 2021, as the economy and tourism are unlikely to recover "until quite late in the year" from the impact of the Covid-19 pandemic.

The outlook, given in a briefing by new chief executive officer Nikhil Eapen, came as the telco on Friday posted a 10 per cent drop in full-year service revenue, to S$1.59 billion.