Bangkok--11 Aug--Shin Satellite
Shin Satellite Public Company Limited (SATTEL) reported sales and service revenue of Baht 3,218 million for the first half of 2006, and Baht 1,463 million in Q2/2005. The first half was up 12.8 percent when compared to the first half of 2005. Continually improving quarterly results from telecommunications businesses of subsidiaries in Cambodia and Laos, CamShin and Lao Telecom, which increased 25.5% year-on-year, contributed to the Company’s continued stability.
The Company’s telephone businesses in Indochina, Lao Telecom and CamShin increased their subscribers to a total of 851,208 subscribers. Revenue from these businesses in Q2/2006 was Baht 595 million, an increase of Baht 121 million, or 25.5%, compared to Baht 474 million in Q2/2005.
Following the successful launch of its latest conventional satellite, Thaicom 5, in May 2006, the Company completed in-orbit testing and transferred all customers from Thaicom 3 to Thaicom 5 in July after handing over the satellite to the Thai Government. The Company also signed up its first new customer for Thaicom 5 in July, Nepal Television Corporation.
The share of net results from investment from CSL was Baht 20 million in Q2/2006. This was an increase from Baht 10 million in the same period last year. Furthermore, CSL announced it would pay a dividend of Baht 0.60 per share.
For further information, please contact:
Ms. Piyanuch Sujpluem
Corporate Communications
Shin Satellite Public Company Limited
Phone: (+662) 591-0736 to 49 Ext. 8494
Fax: (+662) 591 0724
E-mail: [email protected]