SES posts profit of US$212mn in Q1

- Friday, May 13, 2011

SES posts profit of US$212mn in Q1

Global satellite operator SES posted net profits of 149mn euros (US$212mn) in the first quarter of the year, an increase of 40.1% compared to the year-ago period, the company said in a statement.

Total revenues reached 428mn euros in the period, up 4.2% year-on-year.

"New capacity agreements for broadcast and broadband services in Central and Latin America were signed, and additional capacity was contracted for global maritime services," SES president and CEO Romain Bausch said.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

SES unit SES World Skies said satellite AMC-4 was redeployed to the 67 degrees West orbital position in the fourth quarter of 2010. The company said Colombian satellite services provider Axesat had taken two transponders on AMC-4 to provide businesses in the Andean community with voice, data and internet access services.

SES reiterated its guidance of some 3% growth in recurring revenue in 2011. Ebitda growth is expected to be in line with that of revenue.