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Technology / AI and automation

COMPANY RESULT: COMSAT CORP

Comsat Corp has reported second quarter net profits down 73.6% at $5.8m, which includes 1995 exceptional gain of $8.8m from NBA expansion, $2.7m exceptional gain from RSI benefit plan and $3.3m credit for Inmarsat related costs, on revenue up 10.2% at $232.3m; mid-term net fell 58.7% to $15.1m, which includes above 1995 gains on revenue up 14.2% at $478.0m. Net per share fell 73.9% to $0.12 in the quarter, 59.7% to $0.31 in the half.

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CBR Staff Writer

CBR Online legacy content.