StarHub's Q3 profit down 27.6% to S$86m

Revenue drops 3 per cent to S$585.3m as mobile and pay TV revenues fall, but interim dividend stays unchanged at five Singapore cents per share

Published Wed, Nov 2, 2016 · 09:50 PM

Telecommunications

Singapore

DECLINES in mobile and pay TV revenues dragged telco StarHub's third- quarter net profit down 27.6 per cent to S$86 million for the period ended Sept 30. This came on the back of a 3 per cent drop in revenue to S$585.3 million.

The company's earnings per share (EPS) for the quarter was five Singapore cents, down from 6.9 Singapore cents one year ago. Ebitda (earnings before interest, taxes, depreciation and amortisation) for the period was down 10.1 per cent to S$179.1 million. Ebitda as a percentage of service revenue was down 2.9 percentage points to 32.8 per cent.

Despite a drop in revenue, StarHub kept to its dividend policy and announced an interim dividend of five Singapore cents per share, the same as last y…

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