Asian Pay Television Trust posts 1Q DPU of 1.625 cts; gets upgraded to 'Buy' on share price weakness

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SINGAPORE (May 17): Asian Pay Television Trust (APTT) on May 14 announced an ordinary interim distribution of 1.625 cents per unit in 1Q18, which remained consistent compared with 1Q17.

Revenue for the quarter was 6.8% lower at S$77.0 million, from S$82.6 million a year ago, negatively affected by weaker selling prices from TV prepaid packages and a significant drop in non-subscription revenue sourced from TV channel leasing.

With total operating expenses dropping 6.4% y-o-y to...(click on link for full story on