Favourable foreign exchange rates helped Ottawa satellite operator Telesat post a $293-million profit in 2016 despite a decline in revenues.
Ottawa’s Telesat Holdings Inc. posted solid preliminary third-quarter results this week, thanks in large part to favourable foreign exchange shifts.
Ottawa-based Telesat announced Monday one of the firm’s former vice-presidents is returning to the company after three years with Sprint.
Ottawa’s Telesat had a “solid” third quarter with revenues of $242 million, CEO Dan Goldberg said Thursday.
Ottawa-based Telesat Holdings said Thursday second-quarter revenues fell four per cent year-over-year when adjusted for a stronger American dollar.
Despite a drop in 2015 first-quarter revenue, Telesat president and CEO Dan Goldberg said Thursday the company is positioned well for future growth.
Telesat president and CEO Dan Goldberg said Thursday he is pleased with the company’s performance after its 2014 fourth-quarter and year-end results showed the satellite service provider’s
Despite posting lower revenues than in the same period last year, Telesat Holdings had a “good third quarter,” president and CEO Dan Goldberg said in a conference call Thursday.