PARIS— Satellite fleet operator APT Satellite Holdings Ltd. reported a slight increase in revenue in 2018 despite the mid-year loss of half the capacity on its Apstar-6 satellite following the failure of its south solar array.
Hong Kong-based APT took a non-cash impairment charge of 150 million Hong Kong dollars, or 50% of the satellite’s book value, against its 2018 accounts but said the arrival of the long-planned replacement, Apstar-6C, in July limited the revenue effect of the failure.
APT . . .
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