SkyPerfect trims debt load by 62%

Satcaster increases second quarter sales by 37%

TOKYO — Japan’s only digital satellite platform SkyPerfect Communications cut its debts in the second quarter by 62% to $26 million, from $68 million a year ago, thanks to reduced expenses related to the merger of its rival Titus Communications last September.

The five-year-old satcaster increased second quarter sales by 37% to $116 million, as the number of subs continued to edge up by 108,000 to reach 2,726,000 at the end of June.

SkyPerfect went public on Tokyo’s stock exchange in October.

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