Bangkok--27 Feb--Shin Satellite
Increased more than double in 2006, resulting in Continued Growth. This release contains 2 pages. If any are missing, please contact us for a complete copy. Nonthaburi, Thailand -- 26 February 2007: Shin Satellite Public Company Limited ("SATTEL") today reported that the Company consolidated sales and services income was Baht 6,846 million in 2006, or 22.5 % increased from Baht 5,589 million in 2005. Revenue from satellite business increased by 23.8% on a year-on-year basis due to increase in the sale of
39,929 IPSTAR User Terminals (UT) more than double that of the year 2005 (17,992 UTs).
At present, the Company completed the installation of 10 IPSTAR Gateways in eight countries including Thai, Vietnam, Australia (2 gateways), New Zealand, Myanmar, China (3 gateways) and Cambodia. The increase in the revenue of IPSTAR resulted from the Broadband Connect Project in Australia and which is the Australian government project to provide all Australians especially in the remote area with affordable broadband access, and the increase in the sale of User Terminals in Thailand due to the use of IPSTAR system to enhance and supplement
the existing telephone line network.
Revenues from telephone business services in Cambodia (Cambodia Shinawatra Co., Ltd.: Camshin) and Laos (Lao Telecommunications Co., Ltd.: LTC) increased by 20.2% over last year due to the growth of the mobile subscribers, especially, for the prepaid mobile phone in Laos. At the end of 2006, Camshin and LTC had 246,612 and 632,829 subscribers respectively, an increase of 17.8 % and 34.1% over last year. Both CamShin and LTC are planning to launch the 3G mobile phone service in mid 2007. LTC declared a dividend of US$ 8 million for 2006, of which US$ 3.9 million will be paid to the Company for its 49% share. CS Loxinfo Plc. (CSL) also declared a dividend at Baht 0.74 per share for the year 2006.
The Company reported a net loss of Baht 46 million in 2006 due to Thaicom 3's write-off of Baht 675 million net of deferred tax. Without the write-off of Thaicom 3, the Company would have a net profit of Baht 629 million.
For further information, please contact:
Ms. Piyanuch Sujpluem
Corporate Communications
Shin Satellite Public Company Limited
41/103 Rattanathibet Road,
Nonthaburi, 11000, Thailand
Phone: (+662) 591-0736 to 49 Ext. 8494
Fax: (+662) 591 0705
E-mail: [email protected]