Even with the lower revenue, earnings increased by 11% y-o-y to $40 million, as the telco reaped more cost efficiencies, headlined by its so-called DARE+ multi-year technology infrastructure revamp programme.
CGS International, UOB Kay Hian and DBS Group Research are among the research houses that have maintained their respective positive calls on StarHub (SGX:CC3
) , following the telco's 3QFY2024 earnings that chalked up the seventh consecutive quarter of improvement.
For the three months ended Sept, StarHub reported revenue of $493.7 million, down 6% y-o-y and slightly off its own guidance due to variances in the timing of revenue recognition for certain projects. Nonetheless, the telco remains on track to meet its full-year ending December guidance.
