StarHub's cybersecurity revenue grew 79% in 2019

Ensign InfoSecurity's profitability could be affected by the pandemic.

StarHub's cybersecurity business, Ensign InfoSecurity, saw a 79% revenue growth with a full-year turnover of $145.7m in 2019, according to the company's annual general meeting. However, the unit also registered losses of up to $21.8m over the same period.

StarHub says its profitability this year could take a hit from the pandemic, which has led to cautious corporate spending as well as project and tender delays. StarHub is said to be working to grow its cybersecurity arm's top and bottom lines.

The telco also stated that Ensign now has a roughly 16% share in its home market of Singapore.

StarHub assures that it remains committed to returning 80% of underlying net profit to shareholders.

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