StarHub's Q3 earnings dip despite fall in costs

Telco cuts full-year operating revenue forecast, likely to be below 2012's

STARHUB'S third-quarter net profit slipped one per cent to $95.3 million, as a shrinkage in revenue just about outpaced the decrease in expenses.

Operating revenue for the quarter ended Sept 30, 2013, stood at $578.8 million, 1.2 per cent lower, because of lower equipment sales.

Service revenue was flat year-on-year, gaining 0.2 per cent to $556.1 million, while equipment sales revenue plunged 26.3 per cent to $22.7 million as the telco moved fewer handsets.

Yesterday, the company also lowered its outlook...

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