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.

Dividend

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.

1,098 Comments

  1. Pingback: High Risk Industry Small Business Lending

  2. Pingback: Business Lending For Companies In High Risk Industries

  3. Pingback: Farmington Hills Area Small Business Loans

  4. Pingback: Small Business Loans Farmington Hills MI

  5. Pingback: chiropractor cedar rapids

  6. Pingback: washer repair

  7. Pingback: chiropractor cedar rapids

  8. Pingback: protect america home security

  9. Pingback: Oakland County MI Small Business Loans

  10. Pingback: protection one

  11. Pingback: pizzeria vesoul

  12. Pingback: where to find pure garcinia cambogia

  13. Pingback: Cineblog01

  14. Pingback: no deposit bonus

  15. Pingback: Cash Advance

  16. Pingback: ¥°¥Ã¥Á ¥Ù¥ë¥È ¥¹©`¥Ñ©`¥³¥Ô©`

  17. Pingback: Gmail Correo

  18. Pingback: effects of garcinia cambogia

  19. Pingback: forskolin where to buy

  20. Pingback: Cb01

  21. Pingback: ?ÎÎïgucciØ?²¼

  22. Pingback: abogado

  23. Pingback: VoIP phone

  24. Pingback: what is the garcinia cambogia diet

  25. Pingback: forskolin

  26. Pingback: ¥ë¥¤¥ô¥£¥È¥ó ¥Ð¥Ã¥° ¥³¥Ô©`

  27. Pingback: for business

  28. Pingback: Absolute Condos For Sale Mississauga

  29. Pingback: forskolin side effects

  30. Pingback: SEO Bristol

  31. Pingback: Party Rentals

  32. Pingback: SEO Bristol

  33. Pingback: garcinia cambogia extract 60 hca

  34. Pingback: gucci ¥³¥Ô©` ¥Ð¥Ã¥°

  35. Pingback: sell your bitcoin

  36. Pingback: forskolin supplement

  37. Pingback: kasur busa

  38. Pingback: click here

  39. Pingback: ¥¨¥ë¥á¥¹ ¥Ü¥ê©`¥É ¥³¥Ô©`

  40. Pingback: hermes¤Î¥³¥Ô©`

  41. Pingback: cigars

  42. Pingback: cigars

  43. Pingback: Viagra

  44. Pingback: Farshad Farivar

  45. Pingback: Farshad Farivar

  46. Pingback: metallic shimmer tattoos

  47. Pingback: buy cigars

  48. Pingback: Farshad Farivar

  49. Pingback: leto 2015 kusadasi

  50. Pingback: porno

Leave a Comment

Your email address will not be published.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