Profit from operations in 2HFY2023 increased 102.2% y-o-y to $119.3 million as mobile revenue increased 3.4% y-o-y to $306.3 million. This was despite a drop in operating profit from cybersecurity services decreasing $2.8 million y-o-y to $10.4 million, mainly due to higher operating expenses and lower income grant, and partially mitigated by higher revenue.
StarHub (SGX:CC3
) has reported earnings of $72.9 million for its 2HFY2023 ended Dec 31, 2023, a $71.7 million increase over its earnings of $1.3 million for the same period last year. Along with the improved earnings, the company is declaring higher dividends than expected and guiding for a further increase for the coming FY2024.
For the full-year FY2023, the company reported a 140.4% y-o-y increase in earnings to $149.6 million.
