StarHub posts 9.6% jump in profit for Q2

IN its second quarter which ended on June 30, StarHub reported a 9.6 per cent increase in its net profit to S$108.6 million, from S$99.1 million one year ago. This came despite a S$3.8 million (0.6 per cent) dip in revenue to S$585.7 million from S$589.5 million, one year ago. Earnings per share (EPS) for quarter was up 10.5 per cent to 6.3 Singapore cents from 5.7 Singapore cents one year ago.

The company announced an interim dividend of five Singapore cents per ordinary share.

For the half year, StarHub posted a healthy 16.6 per cent growth in net profit, to S$201.4 million, up from S$172.8 million, one year ago. Half year revenue was S$1.18 billion down by 2.5 per cent from S$1.21 billion one year-ago. Half-year EPS was up 16 per cent to 11.6 Singapore cents from 10 Singapore cents one year ago.

For the half-year, the StarHub's Ebitda (earnings before interest, taxes, depreciation and amortisation) increased 5 per cent to S$375 million from S$357 million, one year ago. Correspondingly, EBITDA margin was higher at 34.2 per cent versus 32.6 per cent for the same period a year ago. For the quarter, the company's EBITDA was lower by 1.3 per cent year on year (yoy) at S$192 million and EBITDA margin was at 34.7 per cent.