[10-30-07 – Satellite Today] Telesat Canada posted increases in revenue and profit in the third quarter of 2007, the company announced Oct. 30.
The company posted operating revenue of 130.4 million Canadian dollars ($136.1 million), up 15 percent from the third quarter of 2006. Net earnings 26.4 million Canadian dollars ($27.5 million) compared to 19.8 million Canadian dollars ($20.7 million) in 2006.
The acquisition of Telesat by Loral Space and Communications has been approved by the U.S. and Canadian governments and is expected to be completed soon.
Telesat Canada Reports Higher Revenue, Profit
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