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Asian Pay Television Trust posts FY2023 net loss of $436.24 mil from $440 mil impairment loss

Jovi Ho
Jovi Ho • 3 min read
Asian Pay Television Trust posts FY2023 net loss of $436.24 mil from $440 mil impairment loss
Ebitda, however, was 7.3% lower y-o-y to a profit of $38.15 million. Photo: APTT
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Asian Pay Television Trust (APTT) has reported net loss after tax of $436.24 million, mainly driven by an impairment loss of $440.0 million, for FY2023 ended Dec 31, 2023.

Earnings before interest, tax, depreciation and amortisation (ebitda), however, was 7.3% lower y-o-y to a profit of $38.15 million. 

Revenue, meanwhile, fell 5.8% y-o-y to $65.40 million in FY2023, while total operating expenses grew 3.6% y-o-y to $27.25 million.

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