StarHub's net profit rose 5% to $99.1m in Q2

Thanks to more customers and higher post-paid revenue.

StarHub reported that its net profit grew 5% year-on-year to $99.1m in the second quarter, on back of an enlarged customer base as well as revenue growth for post-paid mobile, pay TV and fixed network services.

On a half-year basis, StarHub’s post-paid revenue growth was offset by lower contribution from pre-paid mobile services. Post-paid customer base grew by 70,000 year-on-year, while both post-paid and pre-paid average revenue per user (ARPUs) increased by $2 to S$69 and $18 respectively.

Pay TV revenue increased 1% to $194m, a result of higher subscription revenue from a larger customer base. Broadband revenue decreased 7% to $97m mainly due to price competition which lowered subscription revenue from both recontracting and new customers.

“Based on the current outlook, and barring any unforeseen circumstances, we expect our Group’s 2015 service revenue to grow in the low single-digit range. We expect our 2015 Group EBITDA margin to be about 32% on service revenue. For 2015, we expect our CAPEX payments to be at about 13% of our total revenue. We intend to maintain our annual cash dividend of 20 cents per ordinary share for 2015," StarHub said.