AsiaSat’s results solid if uninspiring

14 Mar 2003

Asia Satellite Telecommunications (AsiaSat) has released its final results for the year to 31 December 2002, with its Chairman Mi Zengxin saying that the company ‘achieved solid results in difficult operating conditions’. Turnover declined by 2% from HKD969 million to HKD951 million while profit attributable to shareholders also dipped by one percentage point to HKD555 million. Earnings per share was HKD1.42 from HKD1.44 previously.