Madrid-based satellite operator Hispasat, which is now 89.68 per cent owned by Red Eléctrica (REE), earned a net profit of €14.4 million in the first half of this year compared to €0.2 million the previous year.

Total turnover was €85.5 million, an increase of 6.7 per cent compared to the previous year, and EBITDA reached €65.3 million, an increase of 9.1 per cent compared to the same period last year.

Hispasat’s performance helped the numbers at Red Eléctrica. Hispasat’s good half-year results has had a positive impact on REE’s consolidated accounts. Thanks to the profit from the satellite subsidiary and that from an international subsidiary of €16.9 million, Red Eléctrica has presented a consolidated profit that grew 8 per cent compared to the previous year.

Other posts by :

1. Equatys wants 2,800 new satellites
2. FCC eyes freeing up Weird Space Stuff spectrum
3. SES happy with releasing 160MHz of spectrum for 5G
4. Inmarsat “likely to win appeal” over Ligado/AST action
5. FCC seeks fair play over foreign satellite access
6. Bank raises RocketLab target price
7. Paramount throws kitchen sink
8. Ukraine wants its own LEO system
9. SpaceX outlines Starlink cellular delivery plan

Categories: Articles, Business, DTH/Satellite, Results

Tags: Hispasat, Red Eléctrica, spain