StarHub's Attributable Profit Jumps 8% in H2 2024

MT Newswires

02-21

StarHub's (SGX:CC3) attributable profit for the second half of 2024 rose 8% to SG$78.4 million from SG$72.9 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share rose to SG$0.043 compared with SG$0.04 in the comparable period. The EPS was slightly lower compared with the SG$0.05 EPS estimate by Visible Alpha analysts.

Total revenue declined marginally to SG$1.26 billion from SG$1.27 billion a year earlier, mainly due to decrease in revenue from the entertainment and mobile segments. The latest revenue is in line with the Visible Alpha revenue estimate for the period.

The group declared a final dividend of SG$0.032 per share for the year ended Dec. 31, 2024.

Shares of the company were down nearly 2% in recent trade.

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