Asian Pay TV Trust Q2 profit down 29% to S$11.4m
ASIAN Pay Television Trust on Monday reported a 29.4 per cent fall in net profit to S$11.4 million for the second quarter ended June 30, on higher operating expenses and net foreign exchange loss. This compared to a net profit of S$16.1 million a year ago.
Revenue rose 6.2 per cent year on year from S$78.2 million to S$83.1 million, on growth across all three business segments. The premium digital cable TV segment, in particular, grew 10 per cent in revenue from S$3.6 million to S$4 million.
Earnings per share came up to 0.79 Singapore cent, down from 1.12 cents last year.
The Trust has declared a distribution of 1.625 Singapore cents per unit for the quarter, payable on Sept 27.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
China’s Huawei continues rebound with strongest earnings growth since 2019
Hatten Land gets notice of default, letter of demand for RM14 million, appoints financial adviser
ComfortDelGro wins contracts to run buses in Manchester
Sam Bankman-Fried, at sentencing, acknowledges FTX customers have suffered