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Telesat sales improve on favourable exchange rates

Friday 29 April 2016 | 07:56 CET | News
Canadian satellite operator Telesat posted CAD 235 million of revenue in the March quarter, up 3 percent on the year-earlier period, including a favourable impact from 12 percent US Dollar appreciation 12 months.  Adjusted for changes in foreign exchange rates, Telesat's revenue declined by 1 percent, primarily from lower revenue in the energy and resource sector. Adjusted EBITDA rose 3 percent to CAD 191 million, an increase of 3 percent compared to the same period in 2015. Telesat made a CAD 237 million net profit in the first quarter, versus a CAD 154 million net loss a year ago. Telesat

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