RR Satellite Draws Record Revenue In Second Quarter
Satellite broadcast company RR Satellite Communications Ltd. posted record revenue and a 37 percent growth in net profit during the second quarter of 2007, the company announced July 31. The company’s revenue increased 42.6 percent, to $14.7 million from $10.3 million, from the similar period of 2006.
RR Satellite CEO David Rivel said the company finished the quarter with the biggest backlog in its history, and added that RR Satellite is hoping to make an acquisition by the end of the year. He said that several potential acquisitions have been identified in the United States.