StarHub H1 net profit jumps to S$258.1 million on one-off Ensign gain
Revenue for the first half falls 14.1% to S$969.7 million
StarHub reported a significant increase in its first half net profit, reaching S$258.1 million, up from S$47.9 million in the previous period. This growth was primarily driven by a one-off non-operating gain from the termination of Aggregate Assigned Rights in Ensign InfoSecurity. However, overall revenue for the H1 period fell by 14.1% to S$969.7 million, down from S$1,128.8 million a year earlier.
The decrease was attributed to lower contributions from both consumer and enterprise segments, as well as the deconsolidation of Ensign.
Earnings per share reached S$0.146 for the half-year, an improvement from S$0.026 the previous year. An interim dividend of S$0.03 per share was declared, remaining unchanged from the previous year and set to be paid on September 4. Shares of StarHub closed at S$1.08 on Wednesday, a slight decrease of S$0.01 or 0.9% from the previous close.
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