Shares & Derivatives
StarHub posts earnings of $92.8 million for 1Q
By The Fifth Person  •  May 6, 2016
StarHub reported a 25.9% increase in earnings to $92.8 million for 1 QFY2016. For the quarter ended March, revenue fell 4.4% to $590.9 million, due in part to the $28.9 million decrease in revenue from the sale of equipment. Service revenue rose by $1.9 million, driven by the broadband and enterprise fixed businesses. This was offset by the decrease in sales revenue from the mobile and pay television businesses. Mobile service revenue fell 2.4% on lower post-paid and pre-paid revenue, while pay TV service revenue decreased 1.2% to S$94.9 million from a lower subscriber base. Broadband service revenue grew 11.3% driven by the higher take-up of higher speed plans, which led to a $3 increase in average revenue per user. Enterprise fixed service revenue rose 5.4% due to the data & internet services. Operating expenses decreased by $48.8 million on the back of lower cost ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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