StarHub reports 12.8% fall in 3Q18 earnings to $57 mil on higher expenses

SINGAPORE (Nov 9): StarHub reported a 12.8% fall in 3Q18 earnings to $57 million from a year ago on higher operating expenses.

Total 3Q18 revenue came in at $582.2 million, 3% higher than a year ago mainly due to higher revenue from Enterprise Fixed and Sales of equipment, partially offset by lower revenue from Mobile and Pay TV services.

Mobile service reported $213.6 million in sales, 4.2% lower compared to the previous year mainly due to lower IDD, voice and data usage revenue, lower subscription revenue due to higher phone subsidy given to customers, and a higher mix of SIM-only plans.

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