StarHub announces first quarter results

StarHub, an operator in Singapore offering fixed line, wireless, broadband and cable TV services, has reported net profit of SGD70 million (USD46.2 million) for the quarter ending 31 March 2007, an increase of 14% from the SGD61.4 million recorded for the same period last year. Turnover grew 11% year-on-year at SGD472.7 million. EBITDA rose 24% to SGD157.7 million, compared to SGD127.5 million in 1Q2006. CAPEX was SGD24.1 million for the three months to 31 March 2007.