AsiaSat Reports 2016 Interim Results

Hong Kong, August 17, 2016--Satellite operator Asia Satellite Telecommunications Holdings Limited (‘AsiaSat’ – SEHK: 1135), today announced its 2016 interim results for the six months ended 30 June  2016. 1st Half 2016 revenue was HK$640 million, about the same as the prior period.

Contracts on hand as at June 30 2016 remained stable at around HK$3,543 million. the 1st Half 2016  profit attributable to owners of HK$ 249 million, relatively flat compared to the prior period.

A growing number of customers acquired during the first half including new customers of new satellites AsiaSat 6 and AsiaSat 8 in Mainland China, Bangladesh and Thailand   Construction of AsiaSat 9, AsiaSat 4’s replacement, remains on schedule for completion in early 2017, which will bring additional Ku-band capacity at 122ºE to address new markets  

AsiaSat’s growing fleet of satellites continues to provide premium services to customers. The number of transponders leased or sold as of 30 June 30,  2016 increased to 103 from 96 as of December 31, 2015.

AsiaSat’s Chairman, Ju Wei Min, said, “For the remainder of 2016, we do not anticipate any significant changes in market conditions and believe that they will continue to pose a challenge not only for AsiaSat but the industry as a whole. The increased competition from terrestrial systems that is affecting satellite operators in other parts of the world is not expected to significantly impact Asia in the near to medium term, due to the lack of quality terrestrial networks in many parts of the Asia-Pacific region.” 

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