StarHub to drive growth through bundled services, digitalisation of operations
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A SHIFT towards "Infinity Play" products and the digitalisation of its operations are expected to drive StarHub's CC3 cost savings and gross profit growth in the coming years, the telco's management said at a briefing on Monday (Nov 22). (see amendment note)
On its Investor Day 2021 call, StarHub unveiled Dare+, the next stage in its transformation programme which began in 2018 to optimise costs, that is expected to save the company S$280 million and generate an additional S$220 million in gross profit cumulatively between FY2022 and FY2026.
StarHub chief financial officer Dennis Chia noted that with the Dare+ initiative, the company expects to grow its dividends over the next few years. The telco has committed to paying at least 5 Singapore cents or 80 per cent of its net profit attributable to shareholders in dividends, adjusted for one-off, non-recurring items.
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