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APT Satellite Holdings ( (HK:1045) ) has shared an announcement.
APT Satellite Holdings Limited reported a decrease in revenue and profit for the year ending December 31, 2024, with revenue dropping by 5.9% and profit before taxation decreasing by 16.4% compared to 2023. Despite these declines, the company continues to operate its in-orbit satellites effectively, maintaining a strong service capability across a vast geographical area. The company declared a final dividend of HK6.50 cents per share, conditional on approval at the upcoming annual general meeting.
More about APT Satellite Holdings
APT Satellite Holdings Limited operates in the satellite communications industry, providing satellite transponder leasing and related services. The company focuses on delivering satellite services across Asia, Oceania, the Middle East, Africa, Europe, and the Pacific region, covering over 75% of the world’s population. Its primary products include in-orbit satellites like APSTAR-5C, APSTAR-6C, and APSTAR-7, which offer high-quality broadband telecommunication services.
YTD Price Performance: 1.07%
Average Trading Volume: 677
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $265.3M
Learn more about 1045 stock on TipRanks’ Stock Analysis page.