Shin Sat registers third consecutive quarterly loss

(Bangkok Post via NewsEdge) Shin Satellite registered its third consecutive quarterly loss because of a reduction in user terminal sales and depreciation charges for its iPSTAR broadband satellite.


Revenue in the first half was still up by 12.8% year-on-year to almost 3.22 billion baht ($85.9 million), although second-quarter revenue was down 9.9% to 1.46 billion baht ($39 million) from the same period last year.


In the second quarter, the company posted a net loss of 34 million baht ($907,341), compared with a profit of 582 million baht ($15.5 million) in the same period last year. For the first half, it registered a loss of 92.18 million baht ($2.5 million), against a profit of 893.65 million baht ($23.9 million) a year earlier.


© 2006 Bangkok Post, Thailand

© 2006 Dialog, a Thomson business. All rights reserved

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.