By Chris Forrester
Madrid-based satellite operator Hispasat achieved record revenues for its 2011 trading year helped by new capacity coming on stream from its Amazonas-2 and Hispasat 1E craft.
Specifically, operating revenues grew last year by more than 3.4 per cent (to €187.5 million) despite Spain’s tough economic position. Hispasat was helped by income from ‘the Americas’, which now account for more than 49 per cent of revenues. Before-tax income was €74.3 million (up from €71.2 million in 2010).
Carlos Espinós, CEO at Hispasat, said: “The results obtained in 2011 confirm the validity and strength of the business model established by Hispasat, which is capable of increasing operating revenue even in such a complex context like the one we experienced last year, marked by the economic crisis. These figures allow us to maintain our position among the most important satellite operators in the world, the leader in content in Spanish and Portuguese, and indicate the high level of efficiency achieved by the company.”
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