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Latest Satellite News Discussion, Hispasat doubles profits at General Satellite News forum; By Julian Clover August 4, 2009 14.00 UK Hispasat shareholders will receive a part of a record 11.4 million dividend ...

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Hispasat doubles profits - 05-August-2009, 07:14

By Julian Clover
August 4, 2009 14.00 UK

Hispasat shareholders will receive a part of a record 11.4 million dividend after the Spanish satellite operator reported a net profit of 29.5m. The company is attributing the 55% increase to a boost in revenues and operational efficiencies in line with current projects.

98.1% of Hispasats 74.1m first quarter revenues came from the sale of space segment; 49.8m from Hispasat SA and the remaining 24.3m from its subsiduaries in Brazil.

Consolidated EBITDA as of June 30, 2009 was 60.4m.
   
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