StarHub Reports 2011 First Quarter Results, Net Profit Jumped 62%

It seems that StarHub is growing, that is based on the numbers they released. With the launch of Next Gen NBN, StarHub now offers two options for high-speed broadband access – MaxOnline for cable broadband and MaxInfinity for fibre broadband.

StarHubStarHub Ltd announced its results for the quarter ended 31 March 2011. Total operating revenue improved to S$558 million while service revenue was higher at S$531 million. The Group’s EBITDA grew 35% to S$160 million from S$118 million previously. Profit before taxation was at S$86 million year-on-year (YoY) and net profit after tax grew 62% to S$69 million. Free cash flow at S$132 million was 10% higher compared to last year’s S$120 million. Cash capital expenditure was 15% lower at S$41 million compared to the same period last year.

  • Net Profit After Tax Jumped 62% To S$69 Million
  • EBITDA Grew 35% To S$160 Million
  • Interim Quarterly Dividend Of 5.0 Cents Per Share

Financial and Business Highlights

Fixed Network services revenue registered the highest growth for the quarter at 5% YoY. This was followed by Mobile revenue at 3%. In terms of total revenue mix, Mobile continued to be the major contributor at 53%. Pay TV, Broadband, Fixed Network Services and Sales of Equipment contributed 16%, 11%, 15% and 5% respectively to the revenue mix.

  • Mobile revenue increased 3% to S$296 million, contributed mainly by a higher post-paid subscriber base and a higher post-paid ARPU. Post-paid mobile services revenue grew 5% to S$231 million, accounting for 78% of the Mobile revenue mix. Post-paid ARPU increased S$1 to S$72, while pre-paid ARPU decreased S$3 to S$20.
  • Pay TV revenue decreased 10% to S$92 million. The lower revenue was mainly due to the reduction in the Sports group’s monthly subscription price from S$25 to S$12 in June 2010 and a lower sports subscriber base post BPL. This also resulted in a lower Pay TV ARPU YoY at S$49. Customer base increased to 542,000 and the churn rate remained low at 1.1%.
  • Broadband revenue grew to S$60 million, compared to a year ago. For the quarter, the S$45 ARPU was primarily due to the higher mix of customers on lower speed price plans and promotional offers. The MaxOnline customer base increased 4% to 425,000.
  • Fixed Network revenue increased 5% to S$84 million YoY due to higher revenue from both Data & Internet and Voice services. Data & Internet services revenue, which contributes 84% to the Fixed Network revenue mix, grew to S$70 million, while Voice services revenue grew to S$13 million YoY. This was primarily due to higher subscription of local voice services and increased interconnection revenue from international carriers.
  • The quarter’s marketing initiatives continued to encourage customers to take up multi-services. As a result, the percentage of total Hubbing households that subscribed to any two or more StarHub services went up to 56% YoY. Triple-service households grew to 203,000 from a year ago.

“We have delivered a good set of results in the first quarter of 2011 against the same quarter in 2010,” said Mr Neil Montefiore, CEO of StarHub. “The smartphone revolution continues with over 70% of our post-paid customers using them. Despite intense competition, we are very pleased with the growth in our pay TV base. Our Fixed Network business has also put up a strong performance with the higher take-up of Data & Internet services. As the Next Gen NBN continues to roll out, we see opportunities for growth, particularly in the corporate sector.”

Outlook for FY2011

Based on the current outlook, we maintain our Group’s 2011 operating revenue growth YoY to be in the single digit range and Group EBITDA margin as a percentage of service revenue to be about 30%. The total capex payments in 2011 are expected not to exceed 13% of operating revenue. In view of the projected profitability and cash flow in 2011, cash dividend payout remains at 5 cents per ordinary share per quarter.


Following the close of the Company’s Annual General Meeting on 15 April 2011, the Company declared a final dividend of 5 cents per share on a one-tier tax exempt basis in respect of the financial year ended 31 December 2010. The dividend will be paid on 6 May 2011.

The Company declares an interim dividend of 5 cents per ordinary share for 1Q-2011.


  1. knock off hermes bracelet

    Wow, fantastic blog layout! How long have you been blogging for?

    you made blogging look easy. The overall look of your web site
    is magnificent, as well as the content!

  2. wholesale bamboo fencing

    Thhis is because, unlike hardwood, bamboo is one of the earth’s most easily renewable resources.

  3. youjizz

    I am really enjoying the theme/design ?f ?our website.
    Do y?u e?e? ??n into any browser compatibility pr?blems?
    ? handful of m? blog audience ?ave complained ?bout my website
    not operating correctly ?n Explorer ?ut looks g?eat in Chrome.
    Do ?ou ?ave any advice to ?elp f?x t?is issue?


    Rattling inf?rmative and super? body structure of su?ject material, no? that’s user genial (:.

  5. Micheline

    Thanks for the auspicious writeup. It if truth be told was once a
    leisure account it. Look complicated to far delivered agreeable from you!
    However, how can we be in contact?

  6. videncia tarot gratis uruguay

    vidente en malaga buena videncia tarot gratis uruguay vidente telefonica vidente definicion wikipedia mejor
    vidente por telefono vidente brasileno predice terremoto vidente por telefono la voluntad consultorio vidente iris vidente en sevilla gratis mensaje de
    ivan vidente de medjugorje vidente brasileno vidente do amor virtual gratis vidente economica y buena tarot y videncia daycana vidente
    buena en madrid vidente rosario arenillas como puedo
    ser una persona vidente el vidente nicolas cage sinopsis vidente bueno
    en valencia que significa la palabra vidente en la biblia hay gente vidente consultorio vidente iris porque una
    persona puede ser vidente mhoni vidente facebook 2016 vidente buena y economica por
    telefono vidente real sin cartas vidente consulta gratis por telefono ser vidente en suenos vidente
    mas fiable tarot videncia del amor gratis busco
    vidente de verdad vidente barcelona voluntad vidente
    buena que acierte alma vidente madrid como saber si soy vidente o medium rappel vidente wiki que significa vidente y
    clarividente videncia natural sin cartas consulta tarot vidente gratis juegos de pc para ninos ciegos vidente
    totalmente gratis vidente caso marta del castillo la mejor vidente del mundo gratis videncia real aciertos mejor vidente valencia consulta
    videncia vidente gratis por telefono rosa lopez vidente vitoria mejor vidente telefonica videncia de amor quiero ser
    vidente que hago

  7. new York commercial sauna construction

    Greetings! I know this is kinda off topic however
    I’d figured I’d ask. Would you be interested in trading
    links or maybe guest authoring a blog post or vice-versa?
    My website addresses a lot of the same subjects as yours and I believe we could
    greatly benefit from each other. If you might be interested feel free to send me an email.

    I look forward to hearing from you! Superb blog by the way!

  8. sewage grate

    I am real?y impre?sed with ?our w?iting skills as well ass with the layut on your weblog.
    Is this a paid theme ?r ddid you modify it yours?lf?
    Any?ay keep upp the nice quality writing, it’s rare too ?ee a g?eatt blog
    like this one the?e days.

  9. Joesph

    My family members all the time say that I am killing my time here at net, except
    I know I am getting familiarity everyday by reading
    thes nice articles or reviews.

  10. loans In singapore

    ?i! I know this is kinda off topic however , I’d
    figur?d I’d ask. Would you be interested
    in ?xchanging links or maybe gu?st writing a blog post o? vice-versa?
    My site dis?usse? a lot off th? same topi?s aas yours and
    I feel we co?ld greatly benefit from each other. If you happen t? be int?rest?d feel free to
    send me an email. I look forward to hearing from you! Terrific blog by the way!

  11. google play gift card code

    obviously like your web site however you have to take a look at the spelling
    on several of your posts. Several of them are rife
    with spelling problems and I find it very bothersome to tell
    the reality however I will definitely come back again.


    I was wondering if you ever considered changing the page layout of your blog?
    Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so
    people could connect with it better. Youve
    got an awful lot of text for only having one or two images.
    Maybe you could space it out better?

  13. ensonu

    Howdy just wanted to give you a brief heads up and let you know a few of
    the pictures aren’t loading properly. I’m not sure why but I
    think its a linking issue. I’ve tried it in two different web browsers and both show
    the same outcome.

  14. That is a great tip particularly to those fresh to the blogosphere.
    Brief but very precise information… Appreciate your sharing this one.
    A must read article!

  15. Bail Bondsman Las Vegas

    Appreciate this post. Will try it out.

  16. vibrators

    Hello, all the time i used to check blog posts here in the early hours
    in the daylight, since i like to find out more and more.

  17. fast cash in singapore

    Great ?rite-up, I’m re?ular visitor of one’s wweb
    s?te, maintain up the nikce operate, and It is go?ng to
    be a regular visitor for a long time.

  18. fifa 18 monedas ps4

    I absolutely love your website.. Excellent colors & theme.
    Did you make this site yourself? Please reply back as I’m
    attempting to create my own personal site and want to
    find out where you got this from or what the theme is named.

  19. chevrolet spark

    Greetings from Ohio! I’m bored to tears at work
    so I decided to check out your site on my iphone during lunch break.
    I enjoy the info you provide here and can’t wait to take a look when I get home.
    I’m amazed at how fast your blog loaded on my mobile
    .. I’m not even using WIFI, just 3G .. Anyhow, wonderful blog!

  20. bail bondsman las vegas

    naturally like your website however you need to
    take a look at the spelling on several of your posts.
    A number of them are rife with spelling problems and I to find it very troublesome to
    tell the truth nevertheless I will certainly come back again.

  21. ??? ???????

    I was extremely pleased to discover this site.
    I want to to thank you for ones time just for this wonderful read!!
    I definitely appreciated every little bit of it and I have you saved
    as a favorite to check out new information in your blog.

  22. ??? ????? ??? ????????

    Spa and massage are very well-liked in resorts.

  23. pokemon backpacks

    Does your blog have a contact page? I’m having problems locating it but, I’d
    like to send you an e-mail. I’ve got some
    ideas for your blog you might be interested in hearing.

    Either way, great blog and I look forward to seeing it grow over time.

  24. ecommerce jobs from home

    Thanks for using our products and services (Providers”).


Leave a Reply to Https://Www.Captchasolutions.Com Cancel reply

Your email address will not be published. Required fields are marked *