StarHub posted a 6.3% decrease in net profit to $94.3 million for the 2Q ended 30 June 2014. 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 to $51 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% for the quarter and was at 33.3% for the half year basis.
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.
The Board of Directors has declared an interim dividend of 5 cents per ordinary share for 2Q 2014. The dividend is payable on 28 August 2014.
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