It has been more than two months since StarHub Ltd (SGX: CC3) announced its Investor Day objectives. The telco has ambitious plans to create an all-in-one app and execute an enterprise IT transformation. Just last week, StarHub released its 2023 results that demonstrated the culmination of its DARE+ initiatives. The telco delivered an outperformance versus its 2023 guidance across all metrics and also upped its dividend from last year’s payout. Here are five highlights from the group’s latest earnings report.

1. A stellar set of earnings

StarHub’s revenue inched up 2% year on year to S$2.4 billion for 2023. Of this total, service revenue rose 5% year on year to S$1.9 billion, with growth achieved across all segments. With operating expenses dipping by 1.5% year on year, the telco’s operating profit climbed 46.3% year on year to S$226.3 million. Finance income more than doubled year on year to S$17.1 million while finance costs fell by 9.4% year on year to S$40.9 million. StarHub’s net profit for 2023 soared...