StarHub Q3 profits fell 14% to $113m

It rose marginally by 2% for the first nine months.

For the nine months, StarHub's profit from operations rose 2% year-on-year (YoY) to S$356 million. The management said this was a result of the lower volume of subsidised handsets sold but offset by lower service revenue.

YoY profit from operations for the quarter was 14% lower at S$113 million, primarily due to lower revenue.

Looking at the nine-month period, EBITDA of S$554 million was lower by S$1 million compared to the same period a year ago while EBITDA margin was up 0.2% points to 33.8%.

3Q2016 EBITDA decreased 10% YoY to S$179 million and EBITDA margin as a percentage of service revenue was at 32.8%

Year-to-date (YTD), service revenue was slightly lower at S$1,642 million while total revenue was 3% lower at S$1,762 million due to lower revenues collected from mobile services and sale of equipment.

On a quarter basis, total revenue was also 3% lower at S$585 million compared to a year ago.

In YTD2016, free cash flow was 17% higher YoY at S$229 million mainly due to higher cash from operations.

The Group also had cash CAPEX which was 6% higher at S$240 million compared to the same period last year.

For the quarter, free cash flow was 98% lower YoY and cash CAPEX was at S$150 million as it included the S$80 million spectrum payment made.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia