StarHub is ranked 184 out of 500 in the region
Singapore, 20 June 2024 –StarHub is thrilled to be included in the inaugural FORTUNE Southeast Asia 500, a first-time list of the largest companies in the region. Ranked by revenue for 2023, StarHub placed at the 184th position out of 500 companies.
For the financial year ended 1 December (“FY”) 2023, StarHub achieved its DARE+ milestone of $149.6 million of net profit attributable to shareholders (“NPAT”), with a 140.4% year-on-year (“YoY”) increase from $62.2 million in 2022, supported by strong performance across all segments.
StarHub’s consumer business continues to drive sustained growth through the expansion of Infinity Play with more lifestyle, entertainment and connectivity options with seamless multi-device access, while its enterprise front continues expansion into becoming a trusted single platform for cybersecurity, cloud and info-communications technology, and network connectivity needs. StarHub will complete the build and investment phase of its DARE+ transformation program by end-FY2024, enabling it to accelerate growth and innovation, thereby driving unprecedented value in both its consumer and enterprise segments, in Singapore and in the region.
For the Fortune Southeast Asia 500 this year, businesses in commodities, transportation, finance, retail, tech, and services were analysed and tracked on their growth and revenues. The list highlights the largest companies across industries in this dynamic and diverse region that have performed tremendously.
StarHub will continue harnessing the power of new technologies through differentiated service experiences to meet customers’ varying needs and is dedicated in enhancing its market-leading position for generation of profitability growth.
For more information on the Fortune Southeast Asia 500, please visit Fortune.com/asia/ranking/southeast-asia-500/2024/.
