[SINGAPORE] Telco StarHub on Friday (May 9) reported profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period.
This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset by a higher share of profits from joint ventures and associates, and lower tax expense. Revenue for the three months fell 2.4 per cent year on year (yoy) to S$540.5 million, from S$553.9 million.
The group’s regional enterprise business added 10.1 per cent yoy to S$146.5 million, from S$133 million. This was due to a 20.2 per cent growth in managed services, and backed by a strong order book.
Its broadband segment climbed 4.9 per cent yoy to S$64.4 million, from S$61.4 million, due to a sustained momentum of migration towards higher-bandwidth plans and the strength of its Infinity Play offering and bundling.
Shares of StarHub closed flat at S$1.17 on Friday, before the announcement.
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