Intelsat revenue up, still losses
March 21, 2008
Intelsat has reported record annual revenues of $2.183.1 billion for 2007. But the satellite operator still recorded a net loss of $192 million. In Q4 it posted record revenues of $575.5 million with a loss of $2.6 million.
CEO Dave McGlade said: “In 2007, Intelsat demonstrated the ability to deliver revenue growth, improved operating profit margins and positive free cash flow from operations even as we made significant investments in our fleet. Our fourth quarter results provided a strong finish to a good year, with revenue growth in excess of seven percent over the prior year quarter after excluding our legacy channel service offering.”