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StarHub posts 7.1% increase in 1HFY2024 earnings as DARE+ starts to bear fruit

Samantha Chiew
Samantha Chiew • 3 min read
StarHub posts 7.1% increase in 1HFY2024 earnings as DARE+ starts to bear fruit
StarHub's CEO Nikhil Eapen says that the DARE+ transformation should be completed by 2025. Photo: StarHub
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Local telco StarHub (SGX:CC3) announced that its 1HFY2024 ended June 30 earnings saw growth of 7.1% y-o-y to $82.1 million from $76.7 million a year ago.

This came on the back of total revenue remaining flat at $1.1 billion, unchanged from a year ago.

Service revenue gained 2.4% y-o-y to $939.2 million, lifted by strong growth in the group’s enterprise business. The enterprise segment saw a 10.8% y-o-y increase thanks to higher revenues from managed services and cybersecurity services. Both segments recorded higher project completions, while managed services was lifted by higher revenues from digital infrastructure solutions and data-centre related services.

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