Bangkok--Feb 28--Shin Satellite
Shin Satellite Public Company Limited (SATTEL) reported sales and service revenue of Baht 5,589 million for 2005, from Baht 5,120 million in 2004. The Company's satellite business increased by 13.5% year-on-year, due to an increase in IPSTAR service revenue doubling from Baht 502 million in 2004 to
Baht 1,074 million in 2005. This was largely due to sales of the Company's IPSTAR user terminals reaching 17,992 units in 2005, compared with 5,476 in 2004. Net profit was Baht 1,208 million, an increase of 41.1% over 2004.
The Company saw revenues from Cambodia and Laos rise 28.4%, to Baht
2,001 million in 2005, from Baht 1,559 million in 2004. This was due to strong growth in subscribers from both companies. As of the end of 2005, Camshin had 209,425 subscribers, up from 147,830, or 29%, in 2004. Lao Telecommunications (LTC) had 471,800 subscribers, up from 294,046, or 37%, in 2004. The growth of subscribers in both companies can be attributed to their previous investment in network expansion and the popularity of prepaid services. Lao Telecommunications ("LTC") announced, it would pay a dividend of USD 6 million for 2005, thus the
Company will receive a dividend of USD 2.94 million for its 49% share of that joint venture with the Lao Government.
The Company's total shared net income from the internet business was
Baht 113 million, an increase of 1.3%. In 2005, the Company's associate, CS LoxInfo, recognized 100% of revenue from Teleinfo Media (TMC) for the first time. Revenue from TMC amounted to Baht 816 million, an increase of Baht 301 million, or 58%, compared to 2004 which recognized only 63.25%. CS LoxInfo saw an increase of broadband users, up 53% over the previous year. CS LoxInfo Plc announced a dividend for 2005 of Baht 0.45/share
In February 2006, the Company was recognized as "2006 Industry Innovator
for Technology Development and Application" by the Society of Satellite Professionals International (SSPI), for its IPSTAR technology. The Company was also one of the three finalists of the World Teleport Association's "2006 Corporate Teleport Operator of the Year Award." The Company announced the Telephone Organization of Thailand Plc (TOT) as its IPSTAR National Service Operator in December 2005, The TOT will be the sole supplier of IPSTAR capacity in Thailand.
Shin Satellite Investor & Public Relations:
08:00-17:30 hr. Mon.-Fri.
Call: Richard W. Jones
Tel.: (662) 591-0736-49 ext. 5072
Direct: (662) 596-5072
Fax: (662 ) 591-0724
[email protected] End.