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StarHub’s First-Quarter Income Rises 62% to S$69.1 Million

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May 4 (Bloomberg) -- StarHub Ltd., Singapore’s second-largest phone company, reported a 62 percent rise in first-quarter net profit as revenue increased from fixed-line and mobile services.

StarHub posted a net profit of S$69.1 million, from S$42.7 million in the same quarter last year, according to a statement today to the Singapore stock exchange. Revenue from fixed-network services rose 4.6 percent, while revenue from mobile services gained 3.3 percent.

Programming costs for pay-television businesses decreased, the company said.

To contact the reporter on this story: Yee Kai Pin in Singapore at kyee13@bloomberg.net

To contact the editor responsible for this story: Matthew Oakley at moakley@bloomberg.net

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