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SES falls

February 19, 2008

SES Global reported profit and turnover down but declared it was still in the market for small add on acquisitions despite its failed offer for Spacecom of Israel.

Net profit fell by 7 per cent to E404 million from the previous year's E435.8 million, mainly on interest charges related to the debt incurred in the split from GE. Revenue fell 0.3 per cent to E1.61 billion. Utilisation rates increased from 75 per cent to 76.5 per cent.

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