The decline in figures was primarily attributable to lower contributions from StarHub’s Mobile, Pay TV, Broadband and Sales of equipment segments. This was partially offset by higher contributions from its Enterprise Business segment.
StarHub’s 2Q20 results came in below analysts’ expectations, which caused an overall “neutral” sentiment on the stock.
For 2Q20, StarHub saw earnings drop from 5.6% y-o-y to $37.3 million, while revenue fell 18% to $99.4 million from the previous year.
