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Telesat Q2 revenues, profit dip lower on forex effects

Friday 31 July 2015 | 09:32 CET | News
Global satellite provider Telesat reported second quarter revenues up by CAD 1 million from the year before to CAD 227 million. When adjusted for forex effects, revenues fell 4 percent, or by CAD 9 million from the year before, pulled down by lower revenue from Telesat's international satellite services and lower equipment sales. Adjusted EBITDA reached CAD 185 million, up 1 percent from the year earlier, or down 4 percent when adjusted for forex effects. Telesat's net profit declined to CAD 56 million from 108 million, mainly due forex effects. CEO Dan Goldberg said the Telstar 12 Vantage

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