StarHub profits rise in first half of year

10% increase despite flat cable TV performance

HONG KONG — Singapore media and communications group StarHub saw its profits rise by 10% in the first half of the year, despite a flat performance from its dominant cable network operation.

Net profit for the six months to June 30 reached S$151 million ($99.4 million) on turnover also up 10% at $633 million.

Without the World Cup soccer that lifted last year’s numbers cable TV revenue and monthly revenue per subscriber were unchanged at $53.8 million and $32.3 respectively. Total subscriber numbers were up 4% at 490,000, while the number taking digital services climbed 31% to 358,000.

Company said that Broadband Internet provision was its best performer with 16% turnover growth.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety