StarHub’s net profit rises 15% YoY in FY2024

Growth in select business segments drove the increase.

StarHub's net profit rose 15.3% year-on-year to $168.1m in FY 2024, driven by growth in select business segments.

Business segments that saw improved revenue during the period included Enterprise Managed Services, which posted a 9.2% YoY increase.

Broadband and Regional ICT services also reported revenue growth, with the former rising 0.6% YoY to $250.1m and the latter up 13.1% to $154.9m.

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

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