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Monday, November 09, 2009
Inmarsat Quarterly Profit Up 34%
By Sarah Turner
MarketWatch Pulse
LONDON -- Mobile satellite communications services firm Inmarsat said Monday that its third-quarter net profit rose to $50.2 million, from $37.6 million a year ago. Revenue climbed to $176.7 million, from $162.5 million last year. The firm said that it continues to see growth in its mobile satellite services markets and cost control and lower capital expenditure are contributing to strong adjusted operating profit growth. "We are well positioned to deliver on our targets for the full year," it said.
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