Cyber security boosts Singapore's StarHub earnings – Channel Asia Singapore

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Singaporean telco provider StarHub has witnessed a boost in its first half enterprise business revenue, with a particularly strong turnout from cyber security services, despite seeing its preliminary pre-tax earnings take a tumble.  

The telecommunications provider released its preliminary results for the six months ending 30 June 2021 on 5 August, revealing a 7.4 per cent year-on-year decline in preliminary earnings before interest, tax, depreciation and amortisation (EBITDA) for the six-month period, to S$245.9 million.  

However, total preliminary revenue was marginally up by 1.5 per cent to S$973.7 million.  

Digging down into the business segments, mobile revenue took a dive of more than 15 per cent during the half year, coming to S$259.8 million. StarHub told shareholders this was due to lower postpaid and prepaid revenues.  

The decrease in prepaid revenues specifically was due to a decline in the number of tourists and foreign workers thanks to sustained travel restrictions, lower data subscriptions and lower prepaid expired credit. 


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