StarHub Posts 26% Higher Net Profit in Q1

StarHub Posts 26% Higher Net Profit in Q1 Image Credit: Starhub

StarHub posted 26% higher net profit to S$93 million in the first quarter of this year compared to the same period a year ago amid lower cost of equipment sold and a dip in its total revenues. In terms of total revenue mix, Mobile continued to be the major contributor at 50%. Pay TV, Broadband, Enterprise Fixed services and Sales of Equipment contributed 16%, 9%, 16% and 8% respectively. However, total Mobile revenue was 2% lower at S$298 million compared to the same period a year ago. 

For the quarter, StarHub achieved customer growth for both pre and post-paid Mobile and also grew revenue for Broadband and Enterprise Fixed services. Broadband revenue registered 11% growth YoY whilst Enterprise Fixed revenue grew 5% YoY.

Starhub said that its pre-paid and post-paid customer base grew by 9,000 and 42,000 respectively YoY. Comparing a year ago, the post-paid ARPU increased S$1 to S$69 and pre-paid ARPU went lower by S$1 to S$17.

Tan Tong Hai, CEO of StarHub
StarHub’s continual focus on our customers’ needs have paid off, not only in our business results but also in the latest third-party CSISG findings which measured customer satisfaction across sectors in Singapore. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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