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0.0100111234705227 0.0100111234705227 0.0100111234705227 0.00111234705228025 0.00465628476084536 -0.0122358175750835 -0.00278086763070078 0.000556173526140124
Stock impact report

Telesat Reports Results for the Quarter Ended June 30, 2017

Loral Space and Communications, Inc. (LORL) 
US:NASDAQ Investor Relations: loral.com/investors/overview/default.aspx
Company Research Source: GlobeNewswire
OTTAWA, July 25, 2017 (GLOBE NEWSWIRE) -- Telesat Canada (“Telesat”) today announced its financial results for the three and six-month periods ended June 30, 2017. All amounts are in Canadian dollars and are reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the quarter ended June 30, 2017, Telesat reported consolidated revenues of $226 million, or a decline of 3% ($6 million) from the same period in 2016.  The decline in revenue was primarily due to short-term services provided to another satellite operator in the second quarter of 2016, partially offset by favorable foreign exchange rate changes on the conversion of U.S. dollar revenue, as the U.S. dollar was approximately 5% stronger on average against the Canadian dollar than it was during the second quarter of 2016.  Excluding the impact of foreign exchange rate changes, revenue decreased by 5% ($12 million) compared to the same period in 2016. Operating expenses of $44 million for Show less Read more
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