Singapore’s second largest telecoms operator by subscribers and revenue, StarHub, reported net profit of SGD96.2 million (USD78.6 million) for the three months ended 30 September 2012, up 27% year-on-year, driven by higher revenue from its pay-TV, broadband and fixed network services. For the quarter, operating revenue rose 2% year-on-year to SGD585.9 million compared to SGD572.2 million in the same period last year. Contributions from the carrier’s pay-TV services climbed 6% on an annualised basis to SGD99.2 million, fuelled by a SGD2 increase in monthly subscription prices, higher advertising revenue and increased returns from the rental of high definition (HD) set-top boxes.
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OVETEL StarHub’s 3Q net income up 27% on higher pay-TV, fixed and broadband revenues
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