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February 25, 1997updated 05 Sep 2016 1:06pm

COMPANY RESULT: COMSAT CORP

By CBR Staff Writer

Comsat Corp has reported a fourth quarter net loss of $11.5m against a profit last time of $16.9m on revenue that rose 26.23% to $293.5m. Net profit for the year to December 31 fell 53.4% to $17.6m on revenue that rose 17.7% to $1.01bn. Net earnings per share slumped 77% to $0.18 in the year.

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