MAINBOARD-LISTED telco StarHub saw earnings fall again by the double-digits in the second quarter on weaker operating profits and higher finance costs, in results released on Tuesday.
But cybersecurity - a fledgling business that StarHub's management has previously told shareholders runs up high operating expenses - turned an operating loss of S$900,000 in the period, against a profit of S$4.1 million in the year-ago period.Service revenue came in lower by 5.2 per cent for the quarter to S$442.4 million, while equipment sales fell by 15.4 per cent to S$110.4 million.
MrKaliaropoulos said that, excluding cybersecurity losses and the one-off costs of S$7 million from cable migration, profit would have been 10.1 per cent lower instead. StarHub maintained its full-year guidance of between zero growth and 2 per cent decline for service revenue, which was already down by 3.1 per cent to S$886.7 million in the first six months.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GSH Q2 net profit falls 41% on higher sales cost, weaker hospitality businessGSH Corporation on Tuesday posted declines for its second quarter, with net profit down 40.8 per cent to S$1.31 million on higher cost of sales and a weaker hospitality business. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China Sunsine Q2 net profit falls 35% on lower average selling priceSPECIALTY rubber chemicals producer China Sunsine Chemical Holdings on Tuesday posted a net profit of 155.8 million yuan (S$31 million) in the second quarter, down 35 per cent from the same period a year earlier. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
GSH Q2 net profit falls 41% on higher sales cost, weaker hospitality businessGSH Corporation on Tuesday posted declines for its second quarter, with net profit down 40.8 per cent to S$1.31 million on higher cost of sales and a weaker hospitality business. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China Sunsine Q2 net profit falls 35% on lower average selling priceSPECIALTY rubber chemicals producer China Sunsine Chemical Holdings on Tuesday posted a net profit of 155.8 million yuan (S$31 million) in the second quarter, down 35 per cent from the same period a year earlier. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
No Signboard posts Q3 net loss of S$1.4m on higher expenses, revenue fallSEAFOOD restaurant operator No Signboard Holdings slipped into the red in its fiscal third quarter, as reduced customer spending and increased competition in the industry hurt its revenues. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »