Tuesday, February 23, 2016

Asian Pay TV Trust declares 4Q DPU of 2.25 cents

Asian Pay Television Trust has declared a DPU of 2.25 cents for the 4Q ended Dec 2015.

In 4Q, APTT reported total revenue of $85.6 million. This was 4.6% higher than the corresponding period a year ago. EBITDA came in at $52.9 million.

Basic cable TV revenue came in 4.2% higher at $68.7 million, premium digital cable TV revenue came in 15.6% higher at $4.1 million while broadband revenue came in 3.4% higher at $12.8 million.

For the full year, total revenue was $332.2 million, 4.2% higher than a year ago, while EBITDA was $201.0 million.

APTT manager says the increases were due to higher revenue generated across each of TBC’s service offerings despite challenging operating conditions.

On Jan 25, sole shareholder, Macquarie Group Holdings (Singapore) entered into a sale and purchase agreement with Dynami Vision whereby Macquarie Singapore to dispose its
entire interest in APTT’s manager, Macquarie APTT Management, to Dynami.

APTT's trustee manager expects DPU for the year ending Dec 2016 to come in between 6.5 and 7.0 cents per unit.

APTT closed at 62 cents on Monday.

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