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Telesat Q2 results fall on negative forex effects

Friday 3 August 2018 | 09:24 CET | News
Canadian satellite operator Telesat reported a small drop in second-quarter results due to negative currency effects. Revenues fell to CAD 212 million from CAD 226 million a year ago, and adjusted EBITDA fell 3 percent to CAD 179 million. Excluding forex effects, revenues were down 4 percent and EBITDA was stable, Telesat said. 

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Categories: Broadcast & Satellite
Companies: Telesat
Countries: Canada
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