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StarHub's 1Q earnings fall 14.9% to $61.5 mil on lower sales

Michelle Zhu
Michelle Zhu5/3/2018 05:53 PM GMT+08  • 3 min read
StarHub's 1Q earnings fall 14.9% to $61.5 mil on lower sales
SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales.
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SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales.

The telco was expected to reported earnings of $69.5 million, according to Thomson Reuters.

Total revenue for the quarter fell 4.7% to $561 million from $588.7 million in 1Q17. This came on the back of 7.1% and 10% revenue declines in the Mobile and Pay TV segments to $205.1 million and $80.7 million, respectively.

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