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StarHub H2 net profit up 7.5% at S$78.4 million
Broadband and enterprise segments performed well enterprise is the telco&rsquo s main growth driver
STARHUB : CC3 -1.59% on Friday (Feb 21) posted a net profit of S$78.4 million for the second half of its financial year ended December, up 7.5 per cent from S$72.9 million in the previous corresponding period.
This translates to an earnings per share of S$0.043 for the recorded period, up from S$0.04 in H2 2023.
The telco&rsquo s revenue over the same period fell 0.3 per cent on the year to S$1.3 billion, mainly due to lower contributions from its mobile, entertainment and sales of equipment business segments. The lower contributions were, however, partially mitigated by higher growth from its broadband and enterprise business.
Excluding cryptographic technology company D&rsquo Crypt, which the telco sold to ST Engineering last year, StarHub&rsquo s H2 service revenue and total revenue were S$1.1 billion and S$1.3 billion, respectively.
Although profit from operations fell 4.5 per cent on the year to S$114 million, the decline was mitigated by higher operating profit from StarHub&rsquo s cybersecurity services and regional ICT services segments.
Operating profit from the cybersecurity services rose 40.9 per cent year on year to S$14.6 million, mainly due to higher revenue and higher other income, offset by an increase in operating expenses. Meanwhile, regional ICT&rsquo s operating profit was up 45.2 per cent on the year to S$6.3 million.
Net profit was also boosted by the absence of an impairment loss of S$16.6 million in the previous period relating to D&rsquo Crypt.
By segments
Mobile service revenue fell 6.2 per cent on the year to S$287.3 million, mainly due to lower postpaid and prepaid mobile contributions.
Entertainment service revenue fell 9.7 per cent on the year to S$103.1 million, led by a fall in subscribers, as well as lower commercial television and advertising revenue.
Enterprise business revenue was up 10.7 per cent on the year at S$563.7 million, led by higher contributions from data and Internet, managed services and cybersecurity services, as well as regional ICT services.
StarHub chief executive Nikhil Eapen said: &ldquo Enterprise continues to be our key growth driver, reporting exceptional growth this year as we scale Modern Digital Infrastructure for Smart City use cases in Singapore and Asean.&rdquo
He added: &ldquo We reiterate our commitment to create long-term total shareholder return through growth, dividends and share buybacks.&rdquo
The group declared a final dividend of S$0.032 per share, down from S$0.042 per share issued in the year-ago period. The dividend will be paid on May 16.
Combined with the interim dividend of S$0.03 per share, the total dividend to be distributed for the full year ended Dec 31, 2024, amounts to S$0.062.
While the total issuance exceeds StarHub&rsquo s FY2024 dividend guidance of S$0.06 per share, it is lower than the S$0.067-per-share dividend proposed in FY2023.
For the full year, StarHub posted a 7.3 per cent increase in net profit to S$160.5 million revenue rose 0.2 per cent on the year to S$2.4 billion.
The telco said it will continue to &ldquo defend and grow market share&rdquo across core consumer segments, while implementing cost optimisation strategies to improve margins across all segments.
It expects the enterprise managed services and regional ICT services segments to continue delivering growth. It also plans to &ldquo aggressively scale&rdquo its enterprise business segment, while exploring accretive mergers and acquisitions deals to scale further in the Asean region.
12:06 AM EST, 02/21/2025 (MT Newswires) -- 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.
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.
Me too only for divident. Last year I cut half. But this yeat divident less
i have held starhub for over 5 years now... been collecting dividends nia... my purchase price is close to the current price. Still waiting for privatization
arkan1111 ( Date: 21-Feb-2025 12:10) Posted:
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Kena Black Magic Curses make it impotence. Forever can not erection. Helpless, just take divident.
vivacious ( Date: 21-Feb-2025 09:10) Posted:
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how come still flat...aiyo
Dare moves to harvest mode = better profits
Cyber and IT sparkles... higher profits coming!
Mobile, broadband & entertainment consolidation = higher profits!
Cyber and IT sparkles... higher profits coming!
Mobile, broadband & entertainment consolidation = higher profits!
13 series today?
Not as good as Singtel.
| spursfan ( Date: 21-Feb-2025 08:02) Posted: |
https://www.theedgesingapore.com/digitaledge/digital-economy/starhub-deliver-nationwide-10gbps-broadband-network-nokia
I thinking to change my house Singtel broadband to Starhub. Seem Starhub broadband getting better
hoping for a solid set of results on 21st Feb
Article misrepresents StarHub&rsquo s performance and strategy
WE REFER to the article &ldquo Simba gains ground against incumbent telcos in 2024: Opensignal&rdquo (BT, Jan 16). While we respect the role of the media in informing the public, we must clarify key parts of the article that misrepresent StarHub&rsquo s performance and strategy.
Customer movement data
The article cites Opensignal&rsquo s Jan 14 Market Insights report, stating that &ldquo Simba performed the best against StarHub, gaining 2.4 subscribers for every subscriber it lost to StarHub in 2024&rdquo . However, this conclusion is based on app usage patterns from its user base, which represents only a subset of the market rather than actual subscriber migration data. Opensignal specialises in network experience analysis and not market-share tracking, making such claims unreliable.
Additionally, comparing a low-cost carrier like Simba to StarHub&rsquo s flagship brand, while excluding StarHub&rsquo s mobile virtual network operators and flanker brands, does not reflect the broader competitive landscape as this approach disregards StarHub&rsquo s multi-brand strategy, which serves diverse customer segments ranging from price-sensitive users to more premium customers. A more holistic view of StarHub group would present a fairer reflection of market dynamics.
Speculative M& A claims
The article also suggests that StarHub is &ldquo jostling for higher valuations&rdquo ahead of a rumoured acquisition of M1. To be clear, StarHub&rsquo s strategies are driven by customer value, market differentiation and ARPU (average revenue per user) stability &ndash not speculative mergers and acquisitions activity.
We urge The Business Times to clearly attribute such statements to their sources and to provide a balanced view to avoid unnecessary market speculation. We would also urge BT to ensure its articles fairly represent the competitive telecom landscape.
StarHub&rsquo s position
StarHub remains committed to transparency and a customer-first approach. We welcome engagement and are always open to providing insights to ensure accurate and well-rounded industry coverage.
127 go go go
Time for Starhub to shine....Hope to get a big Ang Bao soon....
Dividend also coming...
Dividend also coming...
mrwise ( Date: 04-Feb-2025 14:17) Posted:
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ends at 125 nice
Speediman ( Date: 05-Feb-2025 15:19) Posted:
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Feels like a trading house is upgrading it to a buy, they are buying up 3-5 cents ahead of buy call release
freestyle123 ( Date: 05-Feb-2025 10:04) Posted:
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this window dressing before final dividend payout is repeating for years.
LOL....
LOL....
vivacious ( Date: 05-Feb-2025 09:35) Posted:
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125/126. something is brewing