Inmarsat Posts Drop In 2013 Profit

Inmarsat PLC

posted a 35% drop in its 2013 pretax profit. Inmarsat's pretax profit for the year fell to $189.1 million, versus $293.6 million, in year-ago period. Its revenue declined 5.7% to $1.26 billion, while net profit slipped to $102.0 million versus $217.1 million. Inmarsat also declared a final dividend of 28.82 cents per share.