Hispasat reports full year profit rise

Spanish satellite operator Hispasat increased its net profits by 31% to €47m for the full year to the end of 2008.

The operator reported total revenue of €137.5m, up 7.1% year-on-year. Clients based in Europe and North Africa accounted for 68.5% of revenues, while those in America represented 31.5%. EBITDA for the year was up €10m to €111.1m.
Hispasat ended the year broadcasting over 1,100 TV channels and radio stations.