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France's Arianespace Aims to Double Asia-Pacific Revenue in 2004.
Knight Ridder/Tribune Business News, June, 2004
By Srisamorn Phoosuphanusorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jun. 18--Arianespace, the world's largest commercial space transport provider, is counting on the lucrative satellite market to double its revenue in Asia-Pacific this year to US$300 million.
Richard Bowles, the director of the French company's Asean representative office, said Arianespace expected its global revenue to reach $1 billion this year, with at least 30 percent coming from the Asia-Pacific region.
Last year, the group posted revenue of $678 million, of which $135.6 million was generated in the region. Net profit was $11.16 million.
"With the increasing number of telecom operators in the region combined with the improved economic...
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