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Latest Satellite News Discussion, New Sky Perfect JSAT revises forecasts at General Satellite News forum; Sky Perfect JSAT revises forecasts 28-10-2009 Japans Sky Perfect JSAT Holdings has revised its forecasts for the just-finished quarter (to ...

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New Sky Perfect JSAT revises forecasts - 28-October-2009, 15:00

Sky Perfect JSAT revises forecasts


28-10-2009



Japans Sky Perfect JSAT Holdings has revised its forecasts for the just-finished quarter (to end-September) upwards, citing improved business conditions and its own effective use of operating expenses.

Previously, revenues were forecast at 69 billion (US$757 million), but have now been revised marginally upwards, to 69.5 billion. However, operating income is now forecast some 35% higher, at 8.2 billion (compared with 6.1 billion forecast previously) and ordinary income 32% higher at 7.4 billion (5.6 billion). Net income for the quarter will be in the region of 2.9 billion (2.4 billion previously).


Increases in the forecast results are due largely to the effective use of operating expenses including subscriber acquisition costs, Sky Perfect JSAT said in a statement. No changes have been made to forecasts for the full year (to the e nd of March 2010).


Sky Perfect JSAT, the result of a merger between Sky Perfect TV and JSAT, operates both a satellite business and a multichannel pay-TV business.



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