Starhub released its Q1 results today and here's a snapshot:
Service Revenue: down 0.6%
Total Revenue: up 8.1%
Operating profit: down 15.0%
FCF: from positive $104.6m to negative $46.3m
Service revenue dipped 0.6%
Service revenue dipped 0.6% mainly due to the continued price competition in the Broadband. ARPU decreased from $39 to $33. However, we see that the dip seemed to have stabilised and moving forward we shouldn't see much decrease in the ARPU.
Total revenue up by 8.1%
Total revenue ticked up by 8.1% mainly helped by increased sale of handsets (iPhone + Samsung I guess) which contributed to an additional $49.9m of sales. This, however, is cyclical and dependant on the handsets dished out by the makers.
Operating profit dropped 15.0%
Operating profit decreased by 15% largely due to the lower margins ......