StarHub Q1 net profit tumbles 81.3% to S$5.9 million as consumer business slides across the board
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StarHub's Q1 net profit plummeted 81.3% to S$5.9 million, down from S$31.8 million a year ago. Total revenue fell 6.1% to S$507.3 million, with the consumer business declining 10% to S$228.6 million. The mobile segment saw a 10.9% drop in revenue to S$124 million. Enterprise revenue also decreased by 4.8% to S$139.4 million. EBITDA fell 22.5% to S$77.7 million, with service margins down 4.5 percentage points to 16.5%. StarHub's stock closed at S$1.01, down 1% before the results were announced.
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