StarHub grows net profit 27% in Q2Singapore operator StarHub reported net profit of SGD 80.8 million for the second quarter, up 27 percent from a year earlier. Revenues rose 10 percent to SGD 489 million, and EBITDA was up 13 percent to SGD 163.7 million. StarHub repeated its full-year guidance for high single-digit growth in revenues and an EBITDA margin on service revenues of around 34 percent. Capex as a percentage of sales will not exceed 14 percent, while the dividend is estimated at a minimum SGD 0.155 per share.
The broadband activities showed the strongest growth in the quarter, increasing sales 16 percent to SGD 62.1 million. ARPU increased by SGD 1 to SGD 60, while the number of subscribers was up 12 percent to 334,000 at the end of June. Mobile revenue grew 12 percent to SGD 252.9 million. Postpaid ARPU jumped 7 percent to SGD 74, while prepaid ARPU was down SGD 1 to SGD 26. The mobile customer base expanded 19 percent to 1.63 million, of which 786,000 postpaid customers and 260,000 with 3G handsets. Cable TV revenue and ARPU were flat at SGD 81.7 million and SGD 49 respectively, while the customer base grew 4 percent to 496,000. Digital users increased by 31 percent to 358,000 households. Fixed network revenue increased 11 percent to SGD 66.5 million, with growth mainly from higher-margin data and internet services.
Wireless Mobile Telecom Wireless News
