StarHub reports net profit of S$319.7m due to higher revenue

TELECOM & INTERNET | StarHub reports net profit of S$319.7m due to higher revenue

Decrease in taxation and lower interest expenses were cited as other factors contributing to StarHub's 2.7 percent year-on-year growth in net profit.

Although broadband and sale of equipment revenue were lower at S$240.5m and S$92.6m respectively, the company saw higher revenue for its business units Mobile (S$1,094m), Pay TV (S$405.5m) and fixed network services (S$317.5m).

Lower voice, IDD and roaming usages offset increase in the number of subscribers to 939,000, causing post-paid mobile revenue to be flat. Meanwhile rise in pre-paid mobile subscribers to 979,000 and higher voice, data and IDD usages caused revenue from this sector to be up.  

For 2010 Starhub expects to pay minimum dividend of S$0.05 per ordinary share per quarter, with operating revenue growth to be in single digit for the year.