Telesat posts record quarter, Anik F1R on schedule for summer launch

OTTAWA – BCE-owned satellite company Telesat Canada set new quarterly records for both revenue and earnings, the company said today. Telesat's second quarter operating revenues of $137.3 million represented a 62% increase over the same period of 2004. The company posted net earnings applicable to common shares of $26.3 million, 35% higher than Q2 ’04.For the first six months of 2005, operating revenues totaled $245 million (2004: $168.9 million) and net earnings applicable to common shares were $45.8 million (2004: $38.6 million). Broadcast revenues (earned from transmitting TV signals) were $51.7 million in the quarter and $102.8 million for the...