Hong Kong – Asia Satellite Telecommunications Holdings Limited (AsiaSat) has announced its 2012 annual results for the year ended December 31, 2012.

The company reported a turnover of HK$1,884,904,000 (up 10% from last year) – this includes a one-off revenue contribution of HK$311 million from customers resulting from the enactment of the Finance Act in India in 2012; Profit attributable to shareholders of HK$914,491,000 (up 11%); Earnings per share of HK$2.34 (up 11%); Proposed final dividend per share of HK$0.80; and Proposed special dividend per share HK$1.00.

Operationally, AsiaSat also announced that new satellites AsiaSat 6 and AsiaSat 8 are on track for launch in 1H 2014, to offer further scope for company growth; the addition of AsiaSat 7, the replacement satellite for AsiaSat 3S, is opening up short-term revenue opportunities; the expansion of Tai Po Earth Station enhances value-added service offerings that complement existing core business of transponder capacity leasing; and renewals with major long-term customers increased total new and renewed contract value to HK$2,596 million.

AsiaSat’s Chairman, JU Wei Min, said, “As we look beyond 2012, we remain generally optimistic about our prospects. Our market position is strong, and we continue to be regarded as the industry leader in Asia. Although some of our customers faced budgetary constraints during the year, our clientele mostly remained loyal to us based on our ability to offer a full range of high quality satellite services and support their business development.”