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StarHub's 1HFY2022 earnings fall 10.3% y-o-y to $60.9 mil on higher operating expenses

Felicia Tan & Samantha Chiew
Felicia Tan & Samantha Chiew8/4/2022 06:24 PM GMT+08  • 3 min read
StarHub's 1HFY2022 earnings fall 10.3% y-o-y to $60.9 mil on higher operating expenses
For the period, StarHub is declaring an interim dividend of 2.5 cents per share. Photo: StarHub
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StarHub has reported earnings of $60.9 million for the 1HFY2022 ended June, 10.3% lower than the earnings of $67.9 million in the year before.

The lower earnings were mainly due to the higher operating expenses and lower other income.

During the period, operating expenses increased by 10.5% y-o-y to $967 million due to higher cost of sales, other operating expenses, cybersecurity services and regional ICT (or information communications technology) services.

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