Asian Pay Television Trust reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's total revenue was $78,208,000 against $82,680,000 a year ago. Operating profit was $36,327,000 compared to $42,946,000 a year ago. Profit before income tax was $22,197,000 compared to $29,593,000 a year ago. Profit after income tax attributable to unitholders of APTT was $16,110,000 compared to $20,052,000 a year ago. Basic and diluted earnings per unit attributable to unitholders of APTT were 1.12 cents against 1.40 cents a year ago. Net cash inflows from operating activities were $43,300,000 compared to $42,150,000 a year ago. Acquisition of property, plant and equipment was $18,851,000 compared to $18,386,000 a year ago. Acquisition of intangible assets was $156,000 compared to $471,000 a year ago. EBITDA was $46,715,000 against $50,426,000 a year ago. Total capital expenditure was $16,070,000 against $19,242,000 a year ago. Total capital expenditure was lower because of lower capital expenditure related to the network expansion into greater Taichung compared to pcp. This lower expenditure offset the higher Premium digital cable TV and other capital expenditure being incurred during the quarter when compared to pcp.

For the six months, the company's total revenue was $156,040,000 against $164,972,000 a year ago. Operating profit was $73,132,000 compared to $70,320,000 a year ago. Profit before income tax was $44,916,000 compared to $22,167,000 a year ago. Profit after income tax attributable to unitholders of APTT was $32,902,000 compared to $14,635,000 a year ago. Basic and diluted earnings per unit attributable to unitholders of APTT were 2.28 cents against 1.01 cents a year ago. Net cash inflows from operating activities were $83,185,000 compared to $76,276,000 a year ago. Acquisition of property, plant and equipment was $41,148,000 compared to $40,292,000 a year ago. Acquisition of intangible assets was $557,000 compared to $1,480,000 a year ago. EBITDA was $92,729,000 against $99,089,000 a year ago. Total capital expenditure was $36,490,000 against $40,578,000 a year ago.

The focus in 2016 remains on driving growth in cash flows through up-selling and cross-selling of services across TBC's subscriber base and progressing the network and operational expansion in the greater Taichung region. Total revenue for the full year 2016 is anticipated to be influenced by a number of factors including the continued weakness in Taiwanese economy, marginally lower Basic cable TV rates in three of TBC's five franchise areas and the non-recurrence of one-off revenue items generated in 2015. Overall EBITDA for the full year 2016 is expected to be marginally lower than 2015.