StarHub said it posted a 6.3% decrease in net profit to $94.3 million for the second quarter ended June 30.
Total revenue for the quarter was at $576 million, 2% lower compared to a year ago. On a half-year period, revenue was at $1.1 billion.
Mobile services revenue decreased 1% for the quarter to $310.3 million and was stable for the half-year at $616.2 million. Pay TV revenue increased 3% for the quarter to $98.4 million and 1% to $192.2 million for the half-year basis. Broadband revenue decreased 17% for the quarter $51.0 million and 15% for the half-year to $104.9 million. Fixed Network revenue increased 2% both for the quarter and half-year periods to $92 million and $182.2 million respectively.
The group’s EBITDA decreased 2% for the quarter and also for the first half to $187 million and $365 million, respectively. EBITDA margin as a percentage of service revenue was 34.0% for the quarter and on a half-year basis, it was at 33.3%.
Free cash flow was $62 million for the quarter and cash capital expenditure (capex) was 6% higher at $95 million compared to a year ago. On a half-year basis, free cash flow was $166 million while cash capex was $162 million.
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