Asiasat 7 launch in Q4


7 Apr 2011
Reaction score
Asiasat has said that the launch of Asiasat 7 is on schedule for the fourth quarter launch. This new addition to the fleet has been planned to eventually replace Asiasat 3S.
The company has also said that the Asiasat Tai Po Earth Station expansion project is to be completed in early 2012.
Meanwhile, the Asian satellite operator has posted a 16 per cent jump in turnover to HK$801.86 million for the first six months ended June 2011.
Profit attributable to shareholders was up 20 per cent to HK$367.38 million.
Asiasat chairman Sherwood P. Dodge said, "In general buoyant Asian economies and our strong performance as the market leader during the first half of 2011 have positioned us well for the opportunities we expect to see in the second half of 2011. These positive market trends, along with our strong financial fundamentals, position us to continue to grow the company’s business, and we remain alert to opportunities to improve our competitive position through partnerships and acquisitions."
Operating expenses in the first half of 2011, excluding depreciation, totaled HK$175 million, representing an increase of five per cent compared with the first half of 2010. This was mainly the result of incremental staff costs arising from headcount growth and was partially mitigated by savings in satellite insurance and savings in mainland China business tax.​
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock