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Telesat lifts revenues, profit in Q4

Thursday 1 March 2018 | 16:35 CET | News
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Canadian satellite operator Telesat reported revenues for the fourth quarter up 5 percent from the year before to CAD 252 million, driven mainly by short-term services provided to other satellite operators. Adjusted EBITDA increased by 7 percnet to CAD 207 million while the net profit jumped to USD 72 million from a loss the year earlier of 21 million. Gains here were mainly due to lower forex losses and a loss on refinancing in 2016. 

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Categories: Broadcast & Satellite / Broadcast & Satellite
Companies: Telesat
Countries: Canada
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