Stock Earnings: Starhub Q1 net profit doubled!

StarHub Ltd, Singapore's second biggest phone firm, may gain after its first-quarter net profit surged 102 pct year-on-year to 61.4 mln sgd, after its cable TV, mobile, and broadband operations all registered double-digit growth in sales. But the quarterly profit was below market expectations. Three analysts surveyed by XFN-Asia had expected net profit in a range of 63-73 mln sgd, against 30.4 mln a year earlier. Operating revenue for the period rose 14 pct to 426.8 mln sgd. The company declared a quarterly dividend of 2.5 cents. StarHub declined 0.02 sgd to close at 2.24 yesterday.