OTTAWA – Until its sale closes, Telesat still has reporting requirements as a public company – a profitable one, too.Telesat's first quarter operating revenue of $121.6 million represented a 3% increase over the same period of 2006. The company posted net earnings applicable to common shares of $22.9 million, 6% higher than Q1 '06, as a result of lower interest expense and higher other income. Cash flows from operating activities were $64.3 million for the quarter compared to $84.9 million for the same period in 2006, a decrease of 24%, "largely due to the 2006 receipts for promissory notes and an...
