StarHub sees 3.5% growth in 4Q20 earnings of $36.1 mil, 15.2% lower earnings for FY20 of $157.9 mil

StarHub has posted earnings of $36.1 million for the 4QFY2020 ended December, 3.5% higher than earnings of $34.9 million in the corresponding period the year before.

The growth was mainly due to higher other income of $13.4 million from the $1.9 million in 4QFY2019, which came from payouts from the job support scheme (JSS) and higher income grant.

That said, the higher earnings met or exceeded expectations against a guidance that was last updated in August 2020.

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