StarHub's Q3 profit falls 11.5%

Singapore

STARHUB has posted a net profit of S$76.2 million in the third quarter, down 11.5 per cent from the same period a year earlier on lower takings from mobile, Pay TV and broadband services.

Higher depreciation and amortisation expenses, which rose S$8.1 million from a year earlier after the additions of 4G spectrum and other assets also dented the bottomline.

Revenue in the three months ended Sept 30 was S$580.4 million, down 0.8 per cent.

Total service revenue, which excludes equipment sales, was stable at $545.4 million. Third-quarter handset sales declined 10.…