StarHub Ltd

StarHub's results to remain soft amid strategic restructuring

SINGAPORE (Nov 12): StarHub on Friday announced that its 3Q18 earnings fell 112.8% y-o-y to $57 million, due to higher operating expenses.

Revenue for the quarter was 3% higher at $582.2 million, mainly due to higher revenue from Enterprise Fixed and Sales of equipment, partially offset by lower revenue from Mobile and Pay TV services.

Operating expenses was $26.9 million higher at $506.7 million, due to higher cost of sales.

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.

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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