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Eutelsat Result 29/07/2016

Eutelsat reported full year 2016 net profit of €348.5 million ($390 million), down 2% YoY from €355.2 million ($398 million). Turnover was €1.5 billion ($1.7 billion), up 3.6% YoY from €1.4 billion ($1.5 billion). The company saw an rise in HD penetration of 13.6%, alongside the launch of the first UHD channels.