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Competition to hit StarHub's near-term earnings

Samantha Chiew
Samantha Chiew5/6/2019 03:37 PM GMT+08  • 4 min read
Competition to hit StarHub's near-term earnings
SINGAPORE (May 6): Consensus are mostly neutral on StarHub following its results announcement on May 3. The group posted a 14.2% y-o-y drop in its 1Q19 earnings, with revenue increasing 6% y-o-y to $597 million.
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SINGAPORE (May 6): Consensus are mostly neutral on StarHub following its results announcement on May 3. The group posted a 14.2% y-o-y drop in its 1Q19 earnings, with revenue increasing 6% y-o-y to $597 million.

The revenue increase was mainly driven by strong segmental revenue contributions from network solutions (+9%) and cyber security services (+41%), which mitigated 5% and 12% lower service revenues from the mobile and Pay TV businesses, respectively.

EBITDA for the quarter increased 4.7% y-o-y, due to the adoption of SFRS 16 and higher margin, but core EPS dropped 7.6% y-o-y due to higher depreciation and effective tax rate.

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