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EchoStar's Q2 Sales, Profit and Subscriber Numbers Climb

8/15/2002 08:44:00 AM Eastern

Littleton, Colo. - EchoStar Communications today reported it posted a $46 million profit on sales of $1.17 billion for its second quarter, compared to $966 in sales and a $5.8 million loss during the same period last year.

EchoStar's DISH Network said it added 295,000 new subscribers during the quarter, ended June 30, giving the company a subscriber base of 7.46 million. This is 23 percent more than the company had at this time in 2001.

The new subscribers resulted in an operating income increase of $146 million, up from $64 million in 2001.