{"id":68525,"date":"2017-03-24T17:51:17","date_gmt":"2017-03-24T09:51:17","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/hispasat-increases-revenue-4-2-percent-in-2016\/"},"modified":"2017-03-24T17:51:17","modified_gmt":"2017-03-24T09:51:17","slug":"hispasat-increases-revenue-4-2-percent-in-2016","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/hispasat-increases-revenue-4-2-percent-in-2016\/","title":{"rendered":"Hispasat Increases Revenue 4.2 Percent in 2016"},"content":{"rendered":"<p><strong>Hispasat <\/strong>has announced its full year 2016 results, reporting 228.9 million euros ($247.1 million) in total revenue for the year, a 4.2 percent increase compared to the previous year.<\/p>\n<p>The company has invested 167.8 million euros ($181.1 million), spent mainly on ongoing satellite programs in 2016: the Hispasat 36W-1 satellite, successfully launched on January 28, 2017; the Amazonas 5 and Hispasat 30W-6 satellites, planned to launch later this year; as well as on innovation projects involving both satellites and products and services.<\/p>\n<p>The company also reported operating profit of 99.9 million euros ($107.8 million), 8.1 percent higher than the previous business year, due to lower amortization expenses. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) came in at 175.7 million euros ($189.7 million), 1.8 percent less than 2015, while net profit in compared terms was 79.1 million euros ($84.4 million).<\/p>\n<p>Hispasat\u2019s commercial efforts have also led to the consolidation of a backlog equivalent to 6.5 times the company\u2019s annual revenue at the end of the financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hispasat has announced its full year 2016 results, reporting 228.9 million euros ($247.1 million) in total revenue for the year, a 4.2 percent increase compared to the previous year. The company has invested 167.8 million euros ($181.1 million), spent mainly on ongoing satellite programs in 2016: the Hispasat 36W-1 satellite, successfully launched on January 28, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-68525","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68525"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=68525"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68525\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=68525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=68525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=68525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}