Lower mobile, pay TV and broadband services revenue hit second-quarter earnings of Singapore's StarHub. The Operator posted a 21% lower in net profit to S$85.7 million from S$108.6 million one year ago for the quarter ended 30 June 2017.
Its total revenue was 1% lower at S$579 million while service revenue decreased 2% to S$543 million during the second quarter compared to the same period a year ago.
For the half year, StarHub's net profit was down 21.2 per cent to S$158.8 million from S$201.4 million one year ago and its total revenue was slightly lower at S$1,171 million with the mobile segment contributing 51%.
However, during this period, StarHub recorded customer growth for both pre-and post-mobile which grew by 33,000 and 21,000 respectively YoY. Following are key highlights for the individual business segments;
· Total Mobile revenue was 1% YoY lower at S$599 million compared to 1H2016.
· Pay TV revenue was 7% YoY lower at S$176 million in 1H2017 because of a 41,000 drop in customer base to 477,000.
· For the half-year period, Broadband revenue decreased 1% YoY to S$107 million. The residential broadband customer base decreased by 6,000 to 467,000.
· In 1H2017, Enterprise Fixed revenue increased 2% YoY to S$198 million.
· Data & Internet services revenue, which contributed 89% to the Enterprise Fixed revenue mix, increased 5% YoY to S$176 million. Voice services revenue decreased 18% to S$22 million due to lower traffic from IDD and international interconnect services.
Tan Tong Hai, CEO of Starhub
In the consumer space, we are happy to see continual improvements in customer satisfaction levels as shown in CSISG 2017. We remain focused on addressing our customers’ digital lifestyle needs by offering them relevant products and services to enjoy a better StarHub experience.
