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StarHub’s net profit attributable to shareholders rises 26% YoY to $37.5m in Q1

The company attributed the increase to growth across all its segments.

StarHub ended Q123 with a 26% YoY higher net profit attributable to shareholders (NPAT) of $37.5m.

In a report, the company attributed the increase to the “growth registered across all segments.”

In Q1, the revenue of its service segment grew 11.0% to $461.6m, driven by revenue growth in Mobile (+13.5% YoY), Broadband (+20.4% YoY), Entertainment (+21.0% YoY), and Enterprise (+3.9% YoY).

Improvements in these segments pushed StarHub’s total revenue up by 8.7% to reach  $557.4m 

“The topline growth was backed by healthy operating metrics where ARPU grew YoY across most segments despite the sustained intense market competition,” the company said.

READ MORE: StarHub’s Google Cloud partnership to create secure, energy-efficient cloud network

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