StarHub earnings climb 27.5% on stronger broadband, enterprise revenue

MAINBOARD-LISTED StarHub's CC3 earnings excluding the effect of the Jobs Support Scheme (JSS) rose by 27.5 per cent for the second half of the year ended Dec 31 to S$81 million, up from S$63.5 million a year ago.

Without the adjustment to account for the JSS, net profit was up 1 per cent for the same period to S$81.4 million.

StarHub chief executive Nikhil Eapen noted during the earnings call on Friday (Feb 11) that earnings before interest, tax, depreciation and amortisation for the second half of the year stood at 29.9 per cent, higher than the 26 per cent guided for when the company reported its third-quarter earnings in November last year.