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Profits attributable to APT Satellite shareholders fell 28.5% in 2019 to 362.3 million Hong Kong dollars (approximately $46,700,000).
Apstar-6D from APT Mobile Satcom is the first satellite in Panasonic Avionics’ XTS service and is expected to launch in 2020.
APT Satellite has established small operating companies in Malaysia and Indonesia to work with local service providers on vertically integrated offerings.
APT Satellite is expanding its data center and teleport business into other countries to provide services to local governments.
APT Satellite operates a data center in Hong Kong to complement its satellite communications business.
APT Satellite operates four spacecraft not counting Apstar-6, and two of those spacecraft launched last year.
APT Satellite collected HK$128,700,000 (US$16,500,000) in insurance payments last year and another HK$34,300,000 (US$4,400,000) as of 2019-06-30.
APT Satellite committed to spending 600 million yuan for a 30% equity stake in APT Mobile, which is headquartered in Shenzhen, mainland China.
APT Satellite reported a 9.4% decrease in revenue for the first six months of 2019, with revenue of HK$565,000,000 (US$72,000,000) for the six months ended 2019-06-30.
APT Satellite received $21,000,000 in insurance payments for the partial failure of the Apstar-6 communications satellite in May 2018.
APT Satellite paid off a 2016 loan worth HK$427,300,000 and had no outstanding borrowings net of unamortized finance cost as of 2019-06-30.
APT Satellite secured a revolving loan facility from China Construction Bank worth up to HK$100,000,000 but had not used any of the credit line as of 2019-06-30.
Apstar-6D was ordered in 2016 as the first in a series of three satellites intended to provide global services through a new company called APT Mobile.
APT Satellite operates four primary satellites—Apstar-5C, Apstar-6C, Apstar-7, and Apstar-9—in geostationary orbit.
Apstar-5C launched in September 2018 on a SpaceX Falcon 9 and is owned by Telesat, with APT Satellite having helped finance and design the spacecraft.
Apstar-6 suffered a solar array problem in May 2018 that reduced the spacecraft's power, and APT Satellite filed an insurance claim for the satellite with claim procedures nearly completed.
APT Satellite had 2018 revenue of 1.24 billion Hong Kong dollars, a 2.5 percent increase from 2017.
APT Satellite operates two older satellites—Apstar-5 and Apstar-6—in inclined orbits that save fuel but limit certain communications services.
APT Satellite had 2018 pre-tax earnings of 619.6 million Hong Kong dollars.
APT works under contracts to support safety at more than 40 U.S. government agencies, including NASA’s Kennedy Space Center, the U.S. Missile Defense Agency, and the Department of Defense Explosives Safety Board.