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.