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Satnews Daily
August 23rd, 2012

AsiaSat... Financially Speaking... (Business)


[SatNews] Asia Satellite Telecommunications Holdings Limited (‘AsiaSat’ – SEHK: 1135) has announced its 2012 interim results for the six months ended June, 30, 2012. First half results reveal...

Financial Summary:

  • Turnover: HK$1,094,610,000 *, +37 percent
  • Profit attributable to shareholders: HK$395,163,000, +8 percent
  • Earnings per share: HK$1.01, +7 percent
  • Dividend per share: HK$0.12, +50 percent
  • * Including a one off revenue contribution from customers of HK$296 million

Operational Highlights:

  • The addition of AsiaSat 7 satellite opens up opportunities for near-term business growth before it replaces AsiaSat 3S in 2014
  • New satellites AsiaSat 6 and AsiaSat 8 under construction, will bring additional capacity for core business growth
  • Expansion of Tai Po Earth Station enhances capability to provide a wider range of value added services to customers

AsiaSat’s Chairman, Ju Wei Min, said, “During the first half of the year, the Asia-Pacific region was largely able to weather the economic storms currently being felt in Europe and the United States. In the second half of 2012, there is the possibility that we may begin seeing signs of slower growth, especially given the nature of our industry which tends to lag economic trends, both negative and positive. Nevertheless, we remain confident in our ability to deliver sustainable growth based on our reputation for providing highly reliable satellite services and technical excellence as well as our commitment to serving our customers in a professional and responsive manner.”

To read the complete financial report, access this direct link.