StarHub’s net profit rises 11.1% YoY to $40.4m in Q3

Growth in select business segments drove the increase.

StarHub's net profit rose 11.1% year-on-year to $40.4m in Q3 2024, driven by growth in select business segments.

Business segments that saw improved revenue during the period included Enterprise Managed Services, which posted a 24.8% YoY increase.

Broadband and Regional ICT services also reported revenue growth, with the former rising 1.4% YoY to $63.2m and the latter up 29.2% to $42.1m.

Its broadband segment also reported an increase in average revenue per user, rising to $35 from $34 in Q2.

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