APT 2013 Annual Results Announcement
On 24 March 2014, the Board of Directors (the “Board”) of APT Satellite Holdings Limited (the “Company”) is pleased to announce the audited financial results of the Company and its subsidiaries (the “Group”) in respect of the financial year ended 31 December 2013, which have been prepared in accordance with International Financial Reporting Standards and Hong Kong Financial Reporting Standards.
In 2013, the Group’s turnover continued to grow tremendously, with annual turnover amounted to HK$1,138,055,000 (2012: HK$900,611,000), representing an increase of 26.4% amounting to HK$237,444,000 as compared to 2012. The increase of turnover is mainly due to the commencement of commercial operation of APSTAR 7 for the replacement of APSTAR 2R of the Group in June 2012.
Profit before taxation
In 2013, the Group’s profit before taxation amounted to HK$647,631,000 (2012: HK$384,419,000), representing an increase of 68.5% amounting to HK$263,212,000 as compared to 2012.
Profit attributable to equity shareholders
In 2013, the Group’s profit attributable to equity shareholders amounted to HK$545,471,000 (2012: HK$354,435,000), representing an increase of 53.9% amounting HK$191,036,000 as compared to 2012. Basic earnings per share and diluted earnings per share were HK87.72 cents (2012: HK57.00 cents).
During the year, the Company has declared and paid an interim dividend in cash of HK5.00 cents per share. Given the Group has achieved significant increase in profit during the year of 2013, the Board has resolved to declare a final dividend in cash of HK7.00 cents per share for the financial year ended 31 December 2013 (2012: HK4.00 cents). The final dividend is conditional, upon the passing of the relevant resolution at the forthcoming annual general meeting which will be held on 26 May 2014. The final dividend will be paid on or about Wednesday, 25 June 2014 to shareholders whose names appear on the register of members at the close of business on Friday, 13 June 2014.
(The readers are advised to visit the Company’s web-site for more details)