StarHub's net profit dropped 12.4% to $73.7m in Q1

On back of higher handset subsidies.

StarHub reported that its net profit dropped 12.4% year-on-year to $73.7m in the first quarter.

The group's profit from operations recorded a 15% decline on back of the higher amount of handset subsidies as an
increased number of new and re-contract customers signed up for the new smartphones.

The group also reported lower mobile service revenue on back of fewer pre-paid customers, which was mitigated by higher revenue from post-paid mobile services.

Pay TV revenue inched up by 2.4% while broadband revenue contracted 10.8%.

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