SINGAPORE: StarHub announced that its net profit for the first quarter ended March 31 fell by 12.4 per cent to $73.7 million.
This came as its operating expenses grew 13.1 per cent to $534.7 million, which the company attributed mainly to the higher cost of sales, especially of equipment sold.
It blamed a further $6.2 million growth in other expenses on the strength of the United States dollar against the Singapore dollar, as well as higher professional and outsourcing expenses.
Profitability had also been affected by the increase in handset subsidies as more new and re-contract customers signed up for new smartphones.
