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

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