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.
