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Hispasat registers increase in 2013 profits

Bnamericas

Net profit for Spanish satellite operator Hispasat increased 5.5% to 54.3mn euros (US$75.5mn) in 2013.

Revenues reached 201mn euros in 2013, flat from 2012. Of the total revenues, 56% were garnered in Latin America, the company said in a release.

Investments came in at 157mn euros for 2013, which includes the completion and launch of Amazonas 3, Latin America's first Ka-band satellite. The Amazonas 4A and Hispasat AG1 programs were also continued, according to the company.

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