Asian Pay TV Trust posts Q3 DPU of 0.25 Singapore cent; profit after income tax almost triples
MAINBOARD-LISTED Asian Pay Television Trust : S7OU 0% (APTT) has declared a distribution per unit (DPU) of 0.25 Singapore cent for the third quarter ended Sep 30, unchanged from the DPU declared in the corresponding year-ago period.
The company has also reaffirmed a distribution guidance of 0.25 Singapore cent per unit for the fourth quarter of 2022, the trustee-manager said in a bourse filing on Monday (Nov 14).
The Q3 distribution of 0.25 Singapore cent will be paid out on Dec 23, after books closure on Dec 16, 5pm.
It added that the distribution in 2023 will increase by 5 per cent, with guidance at 1.05 cents per unit for 2023. Distribution in 2023 will be paid in half yearly instalments of 0.525 cent per unit, subject to no material changes in planning assumptions, it said.
Profit after income tax for the quarter rose to S$13.5 million, almost tripling from S$4.6 million the year before.
Revenue dropped 5.7 per cent to S$71.2 million, down from S$75.5 million in the previous year. This was due to a drop in revenue for its segments of premium digital cable television and premium digital cable television, which fell by 9.8 and 9 per cent to record S$51.9 million and S$2.9 million in revenue respectively for the quarter.
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On the other hand, its broadband segment rose 11.1 per cent to record a revenue of S$16.4 million for the quarter. The trustee-manager attributed this growth to cable TV operator Taiwan Broadband Communications Group’s broadband strategy, which targets the broadband-only segment, partner with mobile operators, and offer higher speed plans at competitive prices.
Units of APTT were trading at S$0.107, up S$0.001 cent or 0.9 per cent before the results release.
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