KINGSTON INMEDIA IN PROFIT
Julian Clover, Managing Editor
Kingston inmedia, the satellite services division of Kingston Communications, contributed to the overall growth of the company with revenues climbing 33 per cent year on year. The increase, revealed in Kingston’s first quarter results, can be attributed to the 96 per cent rise in the distribution of IP and data traffic over the same period. The growth of IP as a revenue stream has been common to many satellite operators and service providers, but manifests itself more accutely in the smaller and less well established firms. Kingston inmedia was formed out of the former Kingston-TLI business.
TLI itself was a spin-off from the Services Sound and Vision Corporation (SSVC) and this continued relationship has resulted in the renewal of three major contracts with SSVC for the provision of overseas broadcasting services to UK forces.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for Kingston Communications as a whole fell from GBP 3.4 million to GBP2.9 million for the three months to March 31. However, sales rose 43 per cent to GBP71 million, with inmedia contributing GBP7.9 million.