StarHub reports 14.2% lower 1Q earnings of S$54 mil due to higher expenses

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SINGAPORE (May 3): StarHub reported earnings of S$54 million for the 1Q ended March, 14.2% lower compared to a year ago due to higher operating expenses. 

Revenue grew 6% to S$597 million from a year ago, driven by strong segmental revenue contributions from network solutions (+9%) and cyber security services (+41%), which mitigated 5% and 12% lower service revenues from the mobile and Pay TV businesses respectively.

In terms of StarHub’s various segment performance, Enterprise Business revenue grew 14.1% to S$134.1 million, due to growth in...(click on link for full story on theedgesingapore.com)