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[For Immediate Release]
Hong Kong, (11 April, 2007) -- APT Satellite Holdings Limited (together with its subsidiaries known as "the Group") (HKEx stock code: 1045; NYSE stock code: ATS), a provider of high-quality satellite transponder, telecommunications and broadcasting services in Asia Pacific, today announced its audited annual results for the year ended 31 December 2006 (the "Period").
The Group's turnover amounted to HK$426,988,000 for the Period (2005: HK$336,512,000). Loss attributable to equity shareholders amounted to HK$79,480,000 (2005: HK$135,564,000). Basic loss per share was HK19.23 cents (2005: HK32.80 cents). The Board of the Company has resolved not to declare any payment of final dividend for the year ended 31 December 2006 (2005: Nil).
Mr. Ni Yifeng, Executive Director and President of the Group, said, "During the Period, despite fierce competition in the transponder market in the region, the Group has achieved significant growth in the utilization rate of APSTAR VI. As of 31 December 2006, the utilization rates of APSTAR V and APSTAR VI were 71% and 65%, respectively.
During the Period, the Group's in-orbit satellites, together with their corresponding telemetry, tracking and control systems, have been operating under normal condition. APSTAR VI, a high-power satellite located at 134oE, is equipped with 38 C-band transponders and 12 Ku-band transponders, of which its C-band transponders cover China, India, Southeast Asia, Australia, South Pacific Islands, Guam and Hawaii, while its Ku-band transponders serve mainly the China market. Being the latest advanced high power satellite in the Asia Pacific region, APSTAR VI has been welcomed by customers. Its utilization has been increased from 45% as at 31 December 2005 to 65% as at 31 December 2006, evidencing the strengthening of the Group's competitive edges in the region.
APSTAR V, located at 138oE orbital slot, is another high-power satellite of the Group. Its 38 C-band transponders cover China, India, Southeast Asia, Australia, South Pacific Islands, Guam and Hawaii, while its 16 Ku-band transponders cover mainly China and India. APSTAR V supports various transponder services including DTH broadcasting, Internet and VSAT services within Asia while providing inter-connections between the United States and major Asian cities.
Both APSTAR V and APSTAR VI have provided the latest advanced and comprehensive satellite communication and broadcasting services to customers. The effective improvement of transponder resources together with the strengthening of marketing activities of the Group has resulted in the significant< |
