Starhub - 19 Feb 2021

StarHub has posted earnings of $36.1 million for the 4QFY2020 ended December, 3.5% higher than earnings of $34.9 million in the corresponding period the year before.

The growth was mainly due to higher other income of $13.4 million from the $1.9 million in 4QFY2019, which came from payouts from the job support scheme (JSS) and higher income grant.

That said, the higher earnings met or exceeded expectations against a guidance that was last updated in August 2020.

FY2020 earnings stood 15.2% lower at $157.9 million, from $186.3 million a year ago.

For the 4QFY2020, the group has recommended a proposed final dividend of 2.5 cents per share, bringing the total dividend to 5 cents per share for the FY2020.

In comparison, StarHub paid out a total of 9 cents per share in FY2019.

The total dividend for the year represents a payout of 80%, in line with StarHub’s dividend policy.

Looks like the worst over for Starhub.  

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