StarHub reports 2010 second-quarter and half-year results
16 August 2010
Singapore - StarHub Ltd announced its results for the second quarter and first half ended 30 June 2010.
The current quarter saw the continued investment in iPhones and other smart phones/devices in the Mobile business. On the Pay TV business, the broadcast of the FIFA World Cup 2010 in June was a key event in the quarter. Both events contributed to the higher operating revenue and expenses for the quarter and half year periods.
Operating revenue rose 6.9% to S$569.3 million compared to S$532.4 million a year ago. It increased S$12.1 million, quarter-on-quarter (QoQ). The Group’s EBITDA for the quarter came in at S$141.1 million and on a sequential quarter basis, it grew 19.1% from S$118.4 million previously. EBITDA margin as a percentage of service revenue was 25.9% for the quarter, which was a 3.4 percentage points increase from the first quarter of 22.5%.
Profit from operations, for the quarter, was at S$77.9 million and net profit after tax was S$58.1 million. Free cash flow (FCF) came in at S$109.8 million for the quarter compared to S$119.9 million in 1Q-2010. Cash capital expenditure (capex) was S$25.0 million lower at S$44.7 million compared to a year ago. It was 7.9% lower QoQ.
Five of Beach House Pictures’ productions from 2011 have been selected as finalists in the New York Festival Awards. This is the first time the company has entered in the awards. Among the programm…
ABC Commercial has sold the second series of children’s animation series The WotWots (26 x 12’ HD) to HBO Family Latin America. The deal is exclusive for two years and each episode will be dubbed …
Singapore - BBC World News and BBC.com have commissioned UK production company Twofour, to produce the second series of the programme Horizons, premiering in April 2012. Twofour most recently produced…
Mumbai - BIG CBS Networks has expanded its reach into the South Asian Association for Regional Cooperation (SAARC) region, beginning with Sri Lanka. The company is targeting the 15-years old and a…
Turner Broadcasting System (TBS) has appointed one of Europe’s top TV executives, Gerhard Zeiler, as president of its international division. The announcement was made hours after Zeiler stepped down …
Free Magazine Subscription
Printer-friendly version
Email to a Friend
