StarHub Results For The Second Quarter Ended June 2007
Friday, August 3rd, 2007Operating Revenue Up 10% To S$489.1 million
Singapore — StarHub today announced a net profit of S$80.8 million for the quarter ended 30 June 2007, yielding 4.43 cents per share, which is an increase of 27% over a year ago. Group operating revenue was up 10% to S$489.1 million, from S$444.2 million in 2Q-2006.
Without the benefit of World Cup revenue this year, Cable TV revenue and ARPU, at S$81.7 million and S$49 respectively, still equaled 2Q-2006. This was achieved with the Cable TV customer base growing 4% to 496,000, registering a household penetration of 44.1% compared to 42.8% a year ago. The number of customers taking the Digital Cable services went up by 31% to 358,000 households, representing 72% of the total Cable TV customer base. Average monthly churn rate was at 1.2%.
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