Gogo net loss widens in 2016

Gogo revenue up 16% - financial highlights:

• Three months ended 31-Dec-2016:
• • Revenue: USD160.0 million, +16.1% year-on-year;
  • Costs: USD162.2 million, +6.2%;
  • Operating profit (loss): (USD2.2 million), compared to a loss of USD14.9 million in p-c-p;
  • Net profit (loss): (USD26.9 million), compared to a loss of USD33.9 million in p-c-p;
• 12 months ended 31-Dec-2016:
• • Revenue: USD596.6 million, +19.1%;
  • Costs: USD623.2 million, +14.2%;
  • Operating profit (loss): (USD26.6 million), compared to a loss of USD44.8 million in p-c-p;
  • Net profit (loss): (USD124.5 million), compared to a loss of USD107.6 million) in p-c-p;
  • Total assets: USD1246 million;
  • Cash and cash equivalents: USD117.3 million;
  • Total liabilities: USD1287 million. [more - original PR]