According to the group’s new CEO Nikhil Eapen, the drop in revenue was due to the Covid-19 pandemic.
Analysts are generally “neutral” on StarHub, with most keeping their “hold” calls on the stocks following its latest FY2020 ended December results announcement, which saw earnings drop some 15.2% y-o-y to $157.9 million and total revenue falling some 13.0% y-o-y to $2.02 billion.
Comparing the results for the quarter, 4QFY2020 earnings was 3.5% higher y-o-y than the previous year, with revenue just a slight 4.8% y-o-y lower at $579.5 million.
