StarHub Q3 net profit down 23.3% to S$44.5 million

MAINBOARD-LISTED telco StarHub is still reeling from the impact of the Covid-19 pandemic on consumer demand, which has pushed down third-quarter earnings.

Net profit came in lower by 23.3 per cent year on year to S$44.5 million for the three months to Sept 30, according to financial results released on Friday evening.

Overall revenue fell by 14.5 per cent to S$489.7 million, while service revenue - which excludes equipment sales - dropped by 10.6 per cent to S$388.7 million.