09 Nov '11, 12pm

Starhub's profit down 8% to $75.8m for 3Q

Starhub's profit down 8% to $75.8m for 3Q

Higher operating expenses drove down the profits of Singapore's No. 2 telco Starhub by about 8 per cent to $75.8 million for the third quarter ended Sept 30. -- PHOTO: INTERNET By Irene Tham Higher operating expenses drove down the profits of Singapore's No. 2 telco Starhub by about 8 per cent to $75.8 million for the third quarter ended Sept 30. Total operating expenses at $479.4 million for the quarter were 7 per cent higher year-on-year due largely to higher subsidies for smartphones. Its operating revenue rose 4 per cent to $572.2 million, buoyed by its mobile and broadband service and handset sale business. Revenue from its cash cow - mobile services - rose 3 per cent to $307.4 million due to a higher take-up of data subscription plans. Its total mobile subscriber base stood at 2.17 million as at Sept 30. Please enable JavaScript to view the comments powered by Disqus...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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