New Skies said Thurs. it had doubled net income in 2nd quarter. ...
New Skies said Thurs. it had doubled net income in 2nd quarter. It said revenues for 2nd quarter were $53.2 million, up from $45.1 million in same 2000 period, and net income increased to $8.1 million from $3.8 million.…
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New Skies Satellites said arbitration panel ruled in its favor in dispute with Astrium over construction contract for KTV satellite that New Skies said wasn’t delivered on time in 1999. Decision by New Skies to terminate contract with cause was proper, 3-member arbitration panel ruled. New Skies now is entitled to return of $53.25 million.