StarHub registered growth across all its business segments in Q2, with gains in post-paid and prepaid subscribers as Singapore reopened its border.
In a statement yesterday (4 August), StarHub explained the growth was driven by a recovery in roaming and prepaid revenue following a rise in overseas visitors. CEO Nikhil Eapen also cited progress in digital services spanning entertainment, cloud gaming and more across the first half.
Net profit dropped 16.6 per cent year-on-year to SGD31.2 million ($22.7 million) during Q2, attributed to increased opex comprising higher utility, IT outsourcing and licence costs, and lower income from non-operating sources.
Revenue grew 12.2 per cent to SGD545.9 million with the mobile service figure rising 3.8 per cent to SGD134.2 million.
Post-paid ARPU was up 3.6 per cent to SGD29 with subscribers 5.3 per cent higher at 1.5 million.
Prepaid ARPU fell 20 per cent to SGD8, with users up 5.1 per cent to 534,000.
Average data usage per month was stable at 13GB.
Enterprise revenue increased 15.3 per cent to SGD206.7 million and broadband 33 per cent to SGD64.4 million, due mostly to an acquisition of MyRepublic Broadband at end-2021.