Singapore Stock Market News
Asian Pay Television Trust - Taichung expansion slowed, channel leasing weak
StockFanatic
Publish date: Fri, 06 Nov 2015, 01:59 PM
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Weaker than expected results
3Q15 revenue is S$81.6m, 1.3% lower QoQ and 1.3% higher YoY. This is below our expectations due to weaker non‐ subscription revenue at S$11.9m (2Q15: S$12.8m) and lower marginally lower ARPU for Cable TV at NTS$535 (2Q15: NT$537). While broadband and premium digital cable TV subscribers grew 2% and 3% respectively, faster than our projections, ARPU declined nearly proportionally.
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