For the full year, revenue was largely unchanged at $2.04 billion, up 0.7% from $2.03 billion recorded in FY2020. While StarHub enjoyed more revenue from its broadband and enterprise business, the topline was offset by lower revenue from mobile, entertainment and sale of equipment.
Local telco StarHub has announced earnings of $149.3 million in its latest FY2021 ended December 2021. This is some 5.5% lower than its earnings of $157.9 million in FY2020.
The drop in earnings was mainly due to lower wage subsidies from the government to help all Singapore-based companies tide over the pandemic. Excluding the Job Support Scheme, as the subsidy is called, StarHub would have recorded earnings growth of 17% from $126.7 million to $148.3 million.
