Hong Kong, 11 September 2008 -- APT Satellite Holdings Limited (together with its subsidiaries known as "the Group") (HKEx stock code: 1045), a provider of high-quality satellite transponder, telecommunications and broadcasting services in Asia Pacific, today announced its unaudited interim results for the six months ended 30 June 2008 (the "Period").
The Group's turnover amounted to HK$197,987,000 for the Period (2007: HK$230,685,000). Profit attributable to equity shareholders amounted to HK$6,882,000 (2007: HK$5,023,000). Basic earnings per share was HK1.67 cents (2007: HK1.22 cents). The Board of the Company has resolved not to declare any payment of interim dividend for the six months ended 30 June 2008 (2007: Nil).
Mr. Cheng Guangren, Executive Director and President of the Group, said, "The Group's five satellites, APSTAR VI, APSTAR V, APSTAR IIR, APSTAR IA and APSTAR I, together with their corresponding telemetry, tracking and control systems, have been operating under normal condition during the Period."
APSTAR VI, based on SB4100 C1 model, is one of the latest advanced and high-power satellite in Asia Pacific Region. It was successfully launched in April 2005 and is equipped with 38 C-band transponders and 12 Ku-band transponders. As at 30 June 2008, its utilization was at 53.0%.
APSTAR V, based on FS1300 model and launched in June 2004, is also one of the latest advanced and high-power satellite of the Asia Pacific Region. As at 30 June 2008, the Group had interest in 23 C-band transponders and 12 Ku-band transponders and its utilization rate was 67.4%.
Mr. Cheng said, "Both APSTAR V and APSTAR VI have provided the latest advanced and comprehensive satellite communication and broadcasting services to customers, strengthening the sales of transponder services of the Group in the region."
The Group worked together with other leading telecommunication or broadcasting operators participating in transponder services and broadcasting services in various aspects of the Beijing Olympic Games 2008, thereby grasping business opportunities and expanding the market.
The Group provides satellite TV uplink and broadcasting services through APT Satellite TV Development Limited ("APT TV"), a wholly-owned subsidiary of the Group, and has successfully established a satellite TV broadcasting platform to provide broadcasting and uplink services under the Satellite TV Uplink and Downlink License. As at 30 June 2008, APT TV uplinked and broadcasted up to 81 satellite TV channels for broadcasters in the Asia Pacific region, representing an increase of approximately 12.5% as compared to the end of 2007.
APT Telecom Services Limited, a wholly-owned subsidiary of the Group, provides satellite-based external telecommunication services such as VSAT, facilities management services and teleport uplink services under the Fixed Carrier Licence of Hong Kong to telecom operators, satellite operators and ISP players in the region.
Looking ahead, Mr. Cheng commented, "We expect the demand of transponder services to grow steadily in 2008. However, owing to the supply over demand in the region, market competition will still be fierce. The Group will try to leverage its own competitive edge and high quality services and further expand the market so as to further increase the utilization of satellites, with a view to increasing profit and investment return."
About APT Satellite Holdings Limited
APT SATELLITE HOLDINGS LIMITED (the "Group") is listed on The Stock Exchange of Hong Kong Limited. Having started its operation in 1992, the Group provides high-quality services in satellite transponders, satellite communications and broadcasting services for the broadcasting and telecommunications sectors in Asia Pacific, Europe and the United States. The Group currently operates the APSTAR systems, including APSTAR V, APSTAR VI, and APSTAR IIR, through its own Satellite Control Center in Tai Po, Hong Kong. In line with its business development strategies, the Group has established its satellite TV broadcasting platform. Together with its satellite telecommunications services and data center services, the Group provides reliable "one-stop" satellite broadcasting services and telecommunications services to customers. The Group endeavors to leverage its competitive edges and high quality services for market expansion and business growth. For more information, please visit www.apstar.com
For further information, please contact:
Dr. Brian Lo
APT Satellite Holdings Limited
Tel: (852) 2600 2336
Mobile: (852) 9185 2239
Fax: (852) 2522 0419