- Joined
- Aug 8, 2008
- Messages
- 3,619
- Points
- 48
Woah so good huh??
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_373642.html
StarHub profit up 3% in Q1
By Chua Hian Hou
StarHub was able to raise its net profit by 3 per cent to $82.5 million in the first quarter ended March 31. -- PHOTO: COURTESY OF STARHUB
DESPITE cutbacks in certain service areas like mobile and broadband, StarHub, Singapore's second largest telecommunications company, was able to raise its net profit by 3 per cent to $82.5 million in the first quarter ended March 31.
Revenue was down 0.8 per cent to $530.6 million. It declared a dividend of 4.5 cents per share, the same as the previous year.
StarHub chief executive Terry Clontz said that 'while we have seen lower levels of usage in a few services as some customer cut back, the diversity of our product portfolio has helped to stabilise our revenue base'.
A few business segments, like its pay TV business, even managed to buck the recession with a 5 per cent rise in revenues to $102 million.
But while 'we believe that our info-communication services remain essential to customers, we expect that there will be some further softening of demand', cautioned Mr Clontz.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_373642.html
StarHub profit up 3% in Q1
By Chua Hian Hou
StarHub was able to raise its net profit by 3 per cent to $82.5 million in the first quarter ended March 31. -- PHOTO: COURTESY OF STARHUB
DESPITE cutbacks in certain service areas like mobile and broadband, StarHub, Singapore's second largest telecommunications company, was able to raise its net profit by 3 per cent to $82.5 million in the first quarter ended March 31.
Revenue was down 0.8 per cent to $530.6 million. It declared a dividend of 4.5 cents per share, the same as the previous year.
StarHub chief executive Terry Clontz said that 'while we have seen lower levels of usage in a few services as some customer cut back, the diversity of our product portfolio has helped to stabilise our revenue base'.
A few business segments, like its pay TV business, even managed to buck the recession with a 5 per cent rise in revenues to $102 million.
But while 'we believe that our info-communication services remain essential to customers, we expect that there will be some further softening of demand', cautioned Mr Clontz.
