StarHub net falls on higher capex

Robert Clark
10 Nov 2010
00:00

Thumbnail: 

StarHub’s third quarter earnings fell 4% year-on-year thanks to continued high spending on its next-gen broadband business.

 

The no. 2 Singapore telco announced net profit of S$82.0 ($63.4m) for the third quarter, down 4% compared with the same period last year but up 41% sequentially. 

 

It maintained its outlook of year-on-year revenue growth in the low single-digit range and ebitda margin of around 28%.

 

Capital spending of S$72.0 million was up 33% over last year, and 61% higher sequentially, because of investment in NBN wholesaler Nucleus Connect and new CRM and billing systems. 

 

Ebitda was flat at S$172.4 million and the ebitda margin of 32.3% was 6.4 percentage points higher than Q2.

 

Pay TV sales declined 8% year-on-year and 16% sequentially because of increased customer churn following the World Cup and the loss of Premier League content.

 

Broadband sales fell 1% to S$58.3 million, while the mobile business grew 8% to S$298.3 million.

MORE ARTICLES ON: EarningsSingaporeStarHub

Source: 

telecomasia.net

Robert Clark

Related content

Follow Telecom Asia Sport!
Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.