06 February 2014

Starhub FY 2013 Result

Starhub FY 2013 total revenue decreased 3% to S$2.36 billion, contributed by lower equipment sales revenue. Net profit after tax increased 3% to S$371 million. Free cash flow decreased 30% for the full year with cash capital expenditure (capex) at S$302.8 million. The higher capex requirements were for the payment of the leasehold land for the construction of our cable TV network transmission centre. The Board of Directors has declared a propose final dividend of 5 cents per ordinary share, totaling 20 cents per ordinary share for FY 2013.

Based on current share value at today closing of $4.23, Starhub is giving 20 cents of dividend yield per annum which work out to be 4.72%. For investors interested in Telco stocks for stability, this is one of the best choice beside Singtel. 

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