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
BOJ will hike rates if trend inflation accelerates, says Ueda
Malaysia to build region’s largest chip design park in bid for top startup-hub status
British retailer JD Sports to buy US rival Hibbett for US$1.08 billion
Japan’s 7-Eleven convenience chain targets aggressive global growth
Renault Q1 sales rise 1.8%, helped by financing business
UBS lifts Chinese stocks to overweight in rare upgrade call