Hong Kong – Asia Satellite Telecommunications Holdings Limited (AsiaSat) recently announced its annual results for the year ended 31 December 2011.

The company reported a turnover of HK$1,718,251,000, up 18 per cent from 2010, and an increase of 19 per cent in earnings per share at HK$2.11. According to the announcement, these results were mainly driven by continued growth in core transponder-leasing business and the company’s subsidiary SpeedCast, among other factors.

AsiaSat’s Chairman, JU Wei Min, said, “Despite the continuing global economic uncertainties, we are cautiously optimistic that AsiaSat’s markets will remain stable throughout 2012. Our business will focus chiefly on new opportunities being pursued in relation to continuing growth in HD services and the healthy expansion of the DTH business.”