SINGAPORE (Feb 15): Analysts are keeping their far-from-optimistic stance on StarHub after the telco on Wednesday posted 4Q and FY17 results which fell short of consensus estimates.
StarHub saw its 4Q17 earnings streak to a 74% drop to $14.1 million, bringing earnings for the full year to $249.0 million – 27.1% lower than a year ago.
The lower earnings in 4Q was mainly due to one-off provisions made for certain staff benefits and a leasing contract related to the cable network, even as operating expenses jumped 9.3% to $640.0 million in the quarter.
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