Satellite operator SES increases profit by 13.5 percent
The Luxembourg-based satellite operator SES significantly increased its profits in the first half of 2008. SES posted a net profit of 235.8 million euros, which is 13.5 percent more than in the same period a year earlier.
The Luxembourg satellite operator SES significantly increased its profits in the first half of 2008. On balance, SES earned 235.8 million euros. This is 13.5 percent more than in the same period last year. However, according to information published on Monday, both turnover at 788.5 million euros and the operating result (EBITDA) at 550.2 million euros remained virtually unchanged. SES CEO Romain Bausch nevertheless spoke of "excellent results".
SES raised its revenue forecast for the full financial year slightly to between EUR 1.57 and 1.60 billion. Demand for satellite capacity remains high, the company explained.
SES raised its revenue forecast for the full financial year slightly to between EUR 1.57 and 1.60 billion. Demand for satellite capacity remains high, the company explained.
