StarHub's Q2 profit slides 6%, hit by drop in broadband, mobile sales
Published on Aug 5, 2014 6:29 PM
SINGAPORE - StarHub posted a profit and revenue dip for the second quarter, hit by lower broadband and mobile services sales.
Net profit for the three months to June 30 slid 6 per cent to $94.3 million year-on-year, while revenue declined by 2 per cent to $576.4 million.
Its broadband business shrank by 17 per cent to $51 million in the quarter compared with the year-ago period due to intensified competition in the sector.
Mobile services - which made up half of total service revenue - also slid 1.4 per cent to $310.3 million year-on-year. Any increase in its postpaid revenue failed was offset by lower revenue from its prepaid mobile services.
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