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Satnews Daily
August 22nd, 2013

AsiaSat—Financially Speaking (Business)


[SatNews] Asia Satellite Telecommunications Holdings Limited (‘AsiaSat’ – SEHK: 1135) has announced their 2013 interim results for the six months ended June 30, 2013.


Operational Highlights

  • Manufacture of new satellites AsiaSat 6 and AsiaSat 8 on track for launch in 1H 2014 to bring new capacity for future business growth
  • Overall utilisation rate of in-oribit satellites, AsiaSat 3S, AsiaSat 4 and AsiaSat 5, remained stable at 79 percent
  • Short-term revenue from AsiaSat 7 before it replaces AsiaSat 3S in 2014
  • New partnership with GeoMetWatch to host the first hyperspectral STORM™ sensor on board AsiaSat 9, the company’s future satellite planned for launch in 2016

    AsiaSat’s Chairman, Ju Wei Min, said, “For the second half of 2013, we do not expect to see any major new business developments as we await the launch of AsiaSat 6 and AsiaSat 8 in the first half of 2014. These new satellites will provide an opportunity to grow our business in years to come. We foresee that new business will remain highly competitive during the second half. We can also expect a reduction in turnover and profit as we will feel the full effect of the renegotiated contracts with one of our longest-standing customers at terms lower than the previous contracts in the second half.”

    To read the entire financial report, select this direct link for a PDF download.