Watch List Profile: RRSat Global Communications Network Ltd.

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RRSat Global Communications Network Ltd. is a Middle East-based TV and radio broadcast distributor and value-added production house. Since 2003, the company has more than doubled its revenues to $43.28 million.

Headquartered in Israel, the company provides content to 265 television channels and 80 radio stations in 150 countries using up to 48 satellites. RRSat’s network consists of terrestrial transmission facilities (satellite dishes) and fiber optic capacity.

RRsat customizes and transmits programming to satellite, for downloading and rebroadcast via cable, satellite or direct to home satellite TV consumers.

The company also provides satellite newsgathering services (SNG) and production and broadcasting services for video and radio in Israel, territories of the Palestinian Authority and the greater Middle East.  

Some of the company’s clients include Canal Europe, Russia Today, Thai Global Network, and Turkish Radio and Television. The company also provides occasional services to CBS, Fox News, Al Jazeera and NBC News, among others.

RRSat’s revenues for the year ended Dec. 31, 2006 were $43.28 million, up 38% from 2005. The revenue growth rates for the prior two years (2005 and 2004) were 32% and 69%, respectively.

Net income (GAAP) was $2.6 million for the first quarter of 2007, up 68% from the first three months of 2006. Per diluted share, net income was $0.15 in the first quarter of 2007, versus $0.12 a year earlier.

The Company’s prime competitors include GlobeCast, BT Broadcast Services, and Belgacom SA.