Cable & Telecom

Telesat revenue, earnings, rise

OTTAWA - Telesat Canada last week reported third quarter operating revenues of $112.2 million, a 23.2% increase from $91.1 million in the same period of 2004. The company posted net earnings applicable to common shares of $25.3 million, 7.7% higher than the $23.5 million in the third quarter of 2004. For the first nine months of 2005, operating revenues totaled $357.2 million and net earnings applicable to common shares were $71.1 million (2004: $62.1 million). Cash flows from operating activities were $154.5 million for the first nine months compared with $138.5 million for the same period of 2004. The increase...