SINGAPORE (Feb 3): StarHub has reported earnings of $54 million for 4QFY16, 33.2% lower than the earnings of $80.8 million in 4QFY15.
For the full year period, earnings fell 8.3% to $341.4 million as revenue fell 1.9% to $2.4 billion.
During the quarter to December, revenue rose marginally to $634.8 million on higher service revenue, which offset lower revenue from the sale of equipment.
Mobile service revenue fell by 0.4% to $311.8 million, on the back of the lower usage revenue of voice services, IDD and roaming services from both post-paid and pre-paid customers. However, it was mitigated by the larger subscription revenue as the telco grew its customer base.
Pay TV service revenue fell by 6.1% to $93.9 million from a lower customer base.
Broadband service revenue rose 3.9% to $54.2 million on the growing proportion of customers taking fibre plans, and average revenue per user rose from $35 in 4QFY15 to $37 in 4QFY16.
Enterprise fixed service also recorded a 9.5% increase in revenue to $107.2 million from the growth in data and interest services.
Operating expenses rose 2.7% to $570.7 million on the back of higher staff costs, and a higher allowance for doubtful debts.
Other income also fell 66% to $4.6 million from the lower NGNBN grant income recognised.
StarHub says it expects its FY17 service revenue to be on par with the FY16 levels, with group EBITDA margins at between 26% and 28% of service revenue.
The group declared a final dividend of 5 cents per share for the full year.
Shares in StarHub closed at $3 on Friday.
