New satellite launches Telesat's Q2 profit to $15 million

OTTAWA – Global satellite operator Telesat reported a 7% increase in consolidated revenue for its second quarter, driven in large part to the launch of its newest satellite into commercial service in May, the company announced Thursday. For the quarter ended June 30, 2013, Telesat reported consolidated revenues of $216 million, an increase of $14 million compared to the same period in 2012. Adjusted EBITDA was $172 million, an increase of 10%, or $16 million, over the same period in 2012. Year to date consolidated revenues were at $435 million, an increase of $37 million or approximately 9% compared to the...