Panamsat Holding Corp. recorded a profit of $72.7 million in 2005, rebounding from a loss of $79 million in 2004, the company announced March 9. The 2004 loss was impacted by pre-tax charges of $155.1 million, a $99.9 million satellite impairment charge and a $29.6 million write-off related to a customer transponder lease termination.

Revenues of $861 million in 2005 represented a 4.1 percent increase over revenues of $827.1 million in 2004. Fixed Satellite Services (FSS) revenues improved from $762.9 million in 2004 to $799.6 million in 2005, driven by higher video services revenues of $36.8 million, higher government services revenues of $4.4 million and higher consulting/technical services revenues of $6.8 million. G2 segment revenues were $87.6 million in 2005, compared to $85.9 million in 2004.

FSS income from operations was $343.3 million in 2005, compared to $8.5 million in 2004 when Panamsat recorded the various charges. G2 operating income was $15.9 million in 2005, down from $17.7 million in 2004.

“Panamsat finished the year in an extremely strong position as we completed one of the most successful years in the company’s history,” CEO Joe Wright said in a statement. “Our management team has now met or exceeded guidance for four years in a row while continuing to increase our revenues and profitability.”