StarHub – BT

StarHub's Q1 net profit up 28% at $88m on mobile growth

STARHUB continued to ride on mobile revenue growth in the first quarter. Its net profit for the three months ended March 31 shot up 28 per cent year on year to $88 million, the firm announced yesterday.

Mobile revenue increased 4 per cent to $307 million, mainly on a higher post-paid subscriber base and increased Arpu (average revenue per user). Earnings per share came to 5.15 cents, up from 4.03 cents a year earlier.

This arm of the triple-play provider's business still makes up the bulk of StarHub's business, at 52 per cent contribution. In Q4, mobile revenue hit $312.2 million, making up 51 per cent of the firm's business

StarHub's mobile customer base is split nearly in half between post and pre-paid bases, with 1.07 million post-paid and 1.13 million pre-paid customers.

Comments are Closed