StarHub revenue grows on cybersecurity services gains, improved broadband ARPU

MAINBOARD-LISTED telco StarHub CC3 got a topline boost from growth in its fast-expanding enterprise business, even as the company unveiled the acquisition of more regional information and communications technology (ICT) players on Wednesday (Nov 10).

StarHub saw third-quarter revenue rise by 5.6 per cent year-on-year to S$517.2 million for the 3 months ended Sep 30, 2021, up from S$489.7 million, with service revenue up by 7.6 per cent to S$418.1 million.

That is even as earnings declined on the back of tapering Jobs Support Scheme (JSS) wage subsidies. Net profits fell by 9.5 per cent to S$40.2 million, from S$44.5 million a year ago. Excluding the JSS, net profits rose in tandem with revenue by 5.1 per cent to S$40 million, up from S$38.1 million posted last year.