Inmarsat Posts Lower Full-Year Pretax Profit

Inmarsat PLC IMASY reported a drop in its full year pretax profit. Inmarsat's pretax profit for the year fell to 293.6 million dollars, from $366.9 million, in the year-earlier period. Its total revenue dropped to $1.34 billion from $1.41 billion. Inmarsat's operating profit dropped to $346.4 million from $466.5 million, while net profit fell to $217.1 million from $249.3 million. Its adjusted diluted earnings per share declined to $0.60 from $0.53.