Strong demand for HD programming helped PanAmSat return to profit in Q1. The results are the first since the US satellite operators IPO in March.
The company, which provides links for broadcasters, news organisations and telecoms groups, reported earnings of $1.1 million, compared with a year-earlier loss of $31.9 million. Revenues increased by 1.6 per cent to $208.8 million from $205.4 million, led by the companys fixed satellite services segment. For the year, PanAmSat forecast an increase in revenues of 3 per cent on earnings up 4 per cent.