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Asiasat posts its results: revenue and profits are up for 2012

15 Mar 2013, 09:04 UTC
Asiasat posts its results: revenue and profits are up for 2012
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The Hong Kong-based satellite operator Asiasat has posted its financial results for 2012. Despite noting that budgetary constraint had affected some of its clientele, the firm noted that it had posted a 10% increase in its turnover/revenue over the previous year to HK$1.88 billion ($245 million) while its profits to shareholders were up 11% to HK$914.5 million.($118.8 million). Asiasat remains hopeful of continued improvement given opportunities offered after Asiasat 7 communications satellite joined the fleet in late 2011.

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