LORL earnings

OTTAWA, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three and nine-month periods ended September 30, 2021. All amounts are in Canadian dollars and reported under International Financial Reporting Standards ("IFRS") unless otherwise noted. For the quarter ended September 30, 2021, Telesat reported consolidated revenue of $192 million, a decrease of 5% ($10 million) compared to the same period in 2020. When adjusted for changes in foreign exchange rates, revenue declined 2% ($4 million) compared to 2020. The revenue decrease was primarily due to a slight reduction of service for one of Telesat's North American DTH customers, the reduction or non-r

OTTAWA, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Telesat has scheduled a conference call on Friday, November 5, 2021, at 10:30 a.m. ET to discuss its financial results for the three-month and nine-month periods ended September 30, 2021. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investor Relations" and the heading "News". Dial-in Instructions:The toll-free dial-in number for the teleconference is +1 866 696 5910. Callers outside of North America s

OTTAWA, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three and six-month periods ended June 30, 2021. All amounts are in Canadian dollars and reported under International Financial Reporting Standards ("IFRS") unless otherwise noted. For the quarter ended June 30, 2021, Telesat reported consolidated revenue of $188 million, a decrease of 10% ($20 million) compared to the same period in 2020. When adjusted for changes in foreign exchange rates, revenue declined 3% ($7 million) compared to 2020. Revenue decreases were primarily due to a slight reduction of service for one of Telesat's North American DTH customers, non-renewals of certain enterpri

OTTAWA, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Telesat has scheduled a conference call on Friday, August 13, 2021, at 10:30 a.m. ET to discuss its financial results for the three-month and six-month periods ended June 30, 2021. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab "Investor Relations" and the heading "News". Dial-in Instructions:The toll-free dial-in number for the teleconference is +1 866 696 5910. Callers outside of North America should d

OTTAWA, March 04, 2021 (GLOBE NEWSWIRE) -- Telesat today announced its financial results for the three-month and one-year periods ended December 31, 2020. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the year ended December 31, 2020, Telesat reported consolidated revenue of $820 million, a decrease of 10% ($90 million) compared to the same period in 2019. When adjusted for changes in foreign exchange rates, revenue decreased 10% ($87 million) compared to 2019. The revenue decrease was due to lower short-term services provided to other satellite operators, a reduction of service for a broadcast cus