StarHub Profits Rise in Q3
SINGAPORE -- StarHub Ltd today announced its results for the third quarter and year-to-date (YTD) ended 30 September 2012.
For the quarter, operating revenue rose 2% year-on-year (YoY) to S$585.9 million compared to S$572.2 million. For the YTD, it increased 4%. In both instances, the increases were contributed by higher service revenue and sales of equipment. For the quarter, the Group’s EBITDA increased 13% to S$188.1 million and 11% YTD to S$544.0 million. EBITDA margin as a percentage of service revenue was 33.9% for the quarter and 32.7% for YTD.
In 3Q2012, profit from operations came in at S$120.5 million, net profit after tax was at S$96.2 million and free cash flow at S$151.0 million. Compared to a year ago, profit from operations increased 24% for the quarter and 20% YTD. Net profit after tax rose 27% for the quarter and 22% YTD. Free cash flow increased 2% for the quarter but decreased 5% YTD. Cash capital expenditure was at S$59.6 million for the quarter or 29% higher YoY and at S$157.4 million YTD or 21% higher.