SES Global Sees Net Profits Rise

By | October 29, 2007 | Satellite News Feed

[10-29-07 – Satellite Today] SES Global saw a fall in overall revenues but an increase it its net profits in its latest quarter, the operator announced Oct. 29.
 
For the quarter ending Sept. 30, SES Global reported revenues of 406.9 million euros ($585.9 million), down from revenues of 481.6 million euros ($693.45 million) in the same period a year ago when the company benefited from one-time payments totaling 83 million euros ($119.5 million).

Net profits for the quarter reached 138.8 million euros ($199.9 million) up from 132 million euros ($190.1 million) a year ago.

SES Global’s fleet utilization remains at around the 75 percent. SES Astra‘s fleet utilization rate is around 85 percent, with SES Americom at 74 percent and SES News Skies at 69 percent.

SES said it expects to deliver revenue growth in excess of 6 percent in 2008.

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