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Inmarsat's fourth quarter earnings up 15 percent

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Inmarsat's fourth quarter earnings up 15 percent
FILE PHOTO: Technicians work on the Inmarsat S-Band/Hellas-Sat 3 satellite in the clean room facilities of the Thales Alenia Space plant in Cannes, France, February 3, 2017. REUTERS/Eric Gaillard   -   Copyright  Eric Gaillard(Reuters)
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LONDON (Reuters) – British satellite operator Inmarsat reported a 15 percent rise in fourth-quarter core earnings on Thursday after strong demand for aviation broadband offset weakness in some maritime categories.

The company, which provides communications to ships, aircraft and remote locations worldwide, posted earnings of $190.6 million on group revenue of $378.7 million, up 7.6 percent.

It said revenue in 2019, excluding a contribution from its U.S. partner Ligardo, would be $1.3-1.4 billion.

(Reporting by Paul Sandle; editing by James Davey)

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