AsiaSat… Financially Speaking… (Business)

[SatNews] Asia Satellite Telecommunications Holdings Limited (“AsiaSat” – SEHK: 1135) has announced their 2012 annual results for the year ended 31 December 2012. The financial summary offers…

• Turnover: HK$1,884,904,000* +10 percent
• Profit attributable to shareholders: HK$914,491,000 +11 percent
• Earnings per share: HK$2.34 +11 percent
• Proposed final dividend per share: HK$0.80 N/A
• Proposed special dividend per share: HK$1.00 N/A
   * Including a one-off revenue contribution of HK$311 million from customers resulting from the enactment of the Finance Act in India in 2012

Operational Highlights:

New satellites AsiaSat 6 and AsiaSat 8 on track for launch in 1H 2014, to offer further scope for company growth

The addition of AsiaSat 7, the replacement satellite for AsiaSat 3S, opens up short-term revenue opportunities

Expansion of Tai Po Earth Station enhances value-added service offerings that complement existing core business of transponder capacity leasing

Renewals with major long-term customers increased total new and renewed contract value to HK$2,596 million

AsiaSat’s Chairman, JU Wei Min, said, “As we look beyond 2012, we remain generally optimistic about our prospects. Our market position is strong, and we continue to be regarded as the industry leader in Asia. Although some of our customers faced budgetary constraints during the year, our clientele mostly remained loyal to us based on our ability to offer a full range of high quality satellite services and support their business development.”

“In the year ahead, achieving another record gain will be a challenge as we experienced some exceptional items during the year under review, which will not occur again in 2013. Approaching 2014, however, we can look forward to the launches of AsiaSat 6 and AsiaSat 8, which will give us the added capacity to serve new customers and to meet the expansion needs of our existing customers.”

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