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SES Reports Results, Details Satellite Matters
Despite the impact of a weak U.S. dollar, global satellite operator SES reported this week that revenue for the first six months of the year remained stable at 788.5 million Euros, compared to 789.1 million Euros for the same period in 2007.
Net profit grew by 13.5 percent to 235.8 million Euros, SES said.
Along with the numbers, SES reported on its fleet, saying that utilization of its satellite capacity remained stable at 77 percent during the six-month period. Its North American unit, SES AMERICOM, reported its utilization rate at 77.9 percent.
The company also outlined issues with a handful of its satellites.
The SES fleet has nine Lockheed Martin A2100 satellites that have experienced varying degrees of power loss in some solar array circuits. The power loss has caused a minor reduction in available commercial capacity aboard two of the nine satellites, which are SES AMERICOM's AMC-4 and AMC-16.
AMC-4 C-band customers have been transferred to AMC-2, which has been co-located with AMC-4 at the 101 degree orbital position. The AMC-16 satellite capacity reduction resulted in an adjustment to the monthly revenue payments by the customer, SES said..
As for the March launch failure of AMC-14, which led to the satellite being declared a total loss, SES said insurance proceeds were received in June. Also, SES said it will not procure a follow-on satellite for EchoStar, the intended customer for the failed satellite.
Despite the impact of a weak U.S. dollar, global satellite operator SES reported this week that revenue for the first six months of the year remained stable at 788.5 million Euros, compared to 789.1 million Euros for the same period in 2007.
Net profit grew by 13.5 percent to 235.8 million Euros, SES said.
Along with the numbers, SES reported on its fleet, saying that utilization of its satellite capacity remained stable at 77 percent during the six-month period. Its North American unit, SES AMERICOM, reported its utilization rate at 77.9 percent.
The company also outlined issues with a handful of its satellites.
The SES fleet has nine Lockheed Martin A2100 satellites that have experienced varying degrees of power loss in some solar array circuits. The power loss has caused a minor reduction in available commercial capacity aboard two of the nine satellites, which are SES AMERICOM's AMC-4 and AMC-16.
AMC-4 C-band customers have been transferred to AMC-2, which has been co-located with AMC-4 at the 101 degree orbital position. The AMC-16 satellite capacity reduction resulted in an adjustment to the monthly revenue payments by the customer, SES said..
As for the March launch failure of AMC-14, which led to the satellite being declared a total loss, SES said insurance proceeds were received in June. Also, SES said it will not procure a follow-on satellite for EchoStar, the intended customer for the failed satellite.