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Maritime sector boosts Inmarsat

Inmarsat said that it experienced strong revenue in the maritime sector Satellite service concern Inmarsat plc reported total revenue of $684 mill for the first half of this year, compared with $683 mill in 1H11.Profit before tax of $223 mill, compared with $255 mill in 1H11.The company's Global MSS revenue came in at $367 mill, up by 1% on $362 mill reported in 1H11. EBIDTA was $381 mill, compared with $427 mill in 1H11.Inmarsat said that it experienced strong revenue in the maritime sector, which was up by 13%. Over 30,000 FleetBroadband terminals have been installed and more than 65,000 active IsatPhone Pro terminals are in use.The 2Q12 highlights for the Inmarsat Group included total revenue of $329 mill ($359 mill in 2Q11), while the Global MSS revenue of $189 mill, a rise of 4% from the $181 mill reported in 2Q11.Total EBITDA was $176 mill in 2Q12, compared with $223 mill in 2Q12, while Inmarsat Solutions' revenue was $205 mill (2011 = $189 mill). MSS active terminals were up by 13% in 2Q12.Rupert Pearce, Inmarsat's CEO, said, "The results for the first half and second quarter show that we have returned our core MSS business to growth, fuelled by ...

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