Singapore’s second largest carrier StarHub’s profit for Q2 rose 34% year-on-year to S$78 million ($63.97 million).
The firm’s ebitda grew 16% to S$164 million for the quarter while ebitda margin as a percentage of service revenue had increased 4.4% from the same period last year. Operating revenue for the quarter stayed stable at S$569 million, almost equivalent to a year ago, despite a greater than 50% reduction for the firm’s sports TV package to S$12. Lower revenue from the firm’s Pay TV segment was counterbalanced by positive showings in the mobile and broadband segments.
Revenue from StarHub’s mobile services business for Q2 increased 3% to S$302.5 million year-on-year. The firm saw a 4% increase in post-paid mobile service revenue to S$239.2 million, while revenue from pre-paid mobile services had dropped 3% to S$63.3 million. The mobile services segment added 97,000 customers for the quarter and post-paid ARPU increased S$1 to S$73.
The firm’s revenue from its broadband segment increased 3% to S$6 million year-on-year. Customer base for residential broadband had risen 6% to 431,000, although ARPU had dropped by S$3 to S$45 due to triple play promotions and a larger proportion of customers taking up lower priced plans.
Revenue from StarHub’s fixed network business rose 2% to S$83.4 million for the quarter, year-on-year. A higher takeup of local voice services and higher interconnection fees from overseas carriers led to a 9% revenue increase for voice services.
StarHub saw a 2% increase in the percentage of customers taking up its triple play packages to 16,000. The firm revised its year-on-year growth to be in the single low-digit range.