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StarHub posts 24% drop in 1Q earnings to $30.5 mil

Samantha Chiew
Samantha Chiew5/4/2021 9:41 PM GMT+08  • 3 min read
StarHub posts 24% drop in 1Q earnings to $30.5 mil
StarHub's 1Q earnings are down 24% y-o-y to $30.5 million.
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In StarHub's latest business update, the telco company announced that its 1QFY2021 earnings have dropped by 24.0% y-o-y to $30.5 million from $40.2 million.

On a q-o-q basis, 1QFY2021 earnings were lower than 4QFY2020's $36.1 million by some 15.3%.

For the first quarter ended March, total revenue came in at $487.1 million, 3.8% lower than $506.2 million in the same period last year. Total revenue was dragged down by lower contribution from the group's mobile and pay tv segments.

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