However, it also warned that it would be hit by the recent failure of a rocket launch vehicle, which will delay the launch of the second and third of its
The company reported a pretax profit of
Its earnings before interest, tax, depreciation and amortisation rose to
The company, whose satellites provide mobile communications across the world, launched the first satellite for its new Global Xpress service last December, and the service was taken up by US government customers from the start of July. However, the launch of the second and third satellites, which would have expanded the service across the globe, has been delayed after a launch vehicle for the Russian-built Proton rocket failed.
"Whilst our medium-term expectations for the take-up of GX services remain unchanged, the recent Proton launch failure has delayed the launch of the second and third
It added that it still expects Inmarsat Global MSS revenues to fall within the 8% to 12% compound annual growth rate range set for 2014-16 in the company's medium-term guidance.
"The overall trading environment for our L-band and other business lines remains positive, except in our
Still, the company raised its interim dividend by 5% to
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