StarHub posts 21% decline in 1Q earnings to $73 mil on higher expenses, lower other income

StarHub has reported $73.1 million in earnings for the 1Q ended March, 21.3% lower as compared to $92.8 million reported the year before on the back of higher operating expenses and lower other income.

Revenue for the quarter grew 0.2% on-year to $592.3 million from $590.9 million in the previous year.

Broadband service recorded higher revenue at $54 million during the quarter from an increased mix of customers taking fibre plans.

Average revenue per user (ARPU) also rose $1 increase to $37 in 1Q.

Enterprise fixed service revenue was up 3% to $99 million mainly due to the higher engagement of data and internet services.

Revenue from sale of equipment also rose by $6.7 million to $55.3 million due to the higher volume of handsets sold at a higher average selling price from a higher mix of high-end smartphones.

These were however …

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