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Inmarsat raises dividend, cautious on sales growth

Wednesday 8 March 2017 | 10:54 CET | News
Inmarsat announced a 5 percent increase in its dividend for 2016, after reporting an increase in underlying results. Revenues rose 4.3 percent to USD 1.329 billion in 2016, helped by growth in the government and aviation sectors, its new agreement with Ligado Networks and the first revenues from its GX services. EBITDA rose 9.5 percent to USD 794.8 million, while net profit was down 13.7 percent to USD 243.3 million. The satellite operator said it remained confident on the mid-term outlook, but market uncertainties remain. For 2017, it forecast revenue excluding Ligado of USD 1.2-1.3 billion,

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Categories: Broadcast & Satellite
Companies: Inmarsat
Countries: World
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