AsiaSat reports double-digit revenue, profit increase thanks to two satellite leases

by Peter B. de Selding

CENTER HARBOR, New Hampshire — Satellite fleet operator AsiaSat reported an 18.4% increase in operating profit and a 14% increase in revenue for the six months ending June 30, with the increase due to leases of two aging satellites to third-party operators.

Hong Kong-based AsiaSat said it had still made no decision on an AsiaSat-10 high-throughput (HTS) satellite, an option it has been studying for well over a year. In an Aug. 17 statement to the Hong Kong Stock Exchange, the company said AsiaSat-10 “continues to . . .

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