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

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.