Starhub 3rd-Quarter Profits Up 7%

Published on: 1st Jan 1970: 1:33am

Singapore's Starhub has reported 3rd-quarter revenue up by 2% to S$537 million (US$387 million) from S$525 million year-on-year (YoY). The Group's EBITDA for the quarter rose 5% to S$172 million (US$124 million).

For the quarter, profit from operations stood at S$111 million which was 4% higher YoY. Net profit after tax increased 7% to S$85 million (US$61.3 million).

Capital expenditure was S$6 million lower at S$54 million compared to S$60 million a year ago. YTD, it was 6% higher at S$175 million.

"It has been a good quarter performance despite the challenging environment. Although recent news about Barclays Premier League (BPL) has created some concerns about StarHub's plans, we intend to continue delivering the widest selection of branded quality content to consumers well into the future. For our customers, we reaffirm our commitment to continue bringing more value and convenience through new innovative services that we are known for, particularly through Hubbing initiatives," said Mr Terry Clontz, CEO of StarHub. "For our shareholders, we have announced an increase in the quarterly dividend to 5.0 cents per share."

Mobile revenue increased 5% for the quarter.

 

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