STARHUB'S net profit fell 5.6 per cent to S$37.3 million for the second quarter ended June 30, 2020, from S$39.5 million in the year-ago period. Read more at The Business Times.
Mobile service revenues shrank by 25.4 per cent. Postpaid mobile revenues fell due to lower IDD, excess data usage, lower roaming due to a significant drop in global travel caused by the Covid-19 outbreak, lower plan subscriptions and VAS revenues.
The lower revenues were partially offset by higher contributions from the enterprise business, which was supported by a 10.1 per cent growth in cybersecurity services revenue. Group earnings per share stood at two Singapore cents for the quarter, down from 2.2 cents in Q2 2019. An interim dividend of 2.5 Singapore cents per share was recommended for the half year, to be paid on Sept 2 after books closure on Aug 19. In H1 2019, the interim dividend was 4.5 cents, comprising 2.25 cents declared for Q1 and Q2 each.
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