SINGAPORE (Feb 21): StarHub yesterday announced its 4Q19 earnings and analysts have rather mixed reactions on the counter.

Earnings for the 4Q19 period more than doubled by 115.6% y-o-y to $33.3 million, while revenue was down 1.8% y-o-y to $608.4 million. The key highlight was sequential stabilisation of Mobile and Pay TV revenue which had been declining sequentially over the last three quarters.

However, for the FY19 period, earnings dropped by 10.9% y-o-y to $ 178.6 million, while revenue of $2.33 billion was 1.3% lower compared to FY18.

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