StarHub posts 5.1% YoY growth to $517.2m in Q3

There is also a 5.6% YoY revenue increase for the quarter.

StarHub reported a 5.6% year-on-year revenue growth to $517.2m during the third quarter of 2021. It also reported a 5.1% net profit increase of $40m. For the nine months ended 30 September, revenue rose 2.9% to $1.49b whilst net profit grew 6% to $107.4m.

On 10 November, StarHub also increased its FY 2021 service earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin guidance to at least 26%, from a 24% to 26% range. This is the result of the postponement of operating expenditure relating to an IT transformation programme.

CEO Nikhil Eapen said, "The growth reflects our differentiated strategy to drive enriching digital experiences for our consumers across mobile, broadband, and entertainment, coupled with our focus on cybersecurity and ICT as key drivers of our enterprise business. We also concluded our DARE programme, which exceeded our initial cost savings target by 30%, gave us the confidence to upgrade our service EBITDA margin guidance and set the stage for DARE+."

DARE+ is a five-year ICT transformation strategy to strengthen StarHub's ICT capabilities, enterprise solution offerings, and customer footprint in Singapore and Malaysia.

Follow the link for more news on

Starhub

financial report

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia