Singapore – StarHub Ltd announced its results for the second quarter and first half ended 30 June 2010. The current quarter saw the continued investment in iPhones and other smart phones/devices in the Mobile business. On the Pay TV business, the broadcast of the FIFA World Cup 2010 in June was a key event in the quarter. Both events contributed to the higher operating revenue and expenses for the quarter and half year periods. Operating revenue rose 6.9% to S$569.3 million compared to S$532.4 million a year ago. It increased S$12.1 million, quarter-on-quarter (QoQ). The Group’s EBITDA for the quarter came in at S$141.1 million and on a sequential quarter basis, it grew 19.1% from S$118.4 million previously. EBITDA margin as a percentage of service revenue was 25.9% for the quarter, which was a 3.4 percentage points increase from the first quarter of 22.5%. Profit from operations, for the quarter, was at S$77.9 million and net profit after tax was S$58.1 million. Free cash flow (FCF) came in at S$109.8 million for the quarter compared to S$119.9 million in 1Q-2010. Cash capital expenditure (capex) was S$25.0 million lower at S$44.7 million compared to a year ago. It was 7.9% lower QoQ.