Telesat Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 175.09 million compared to CAD 180.1 million a year ago. Net loss was CAD 1.02 million compared to CAD 58.55 million a year ago. Basic loss per share from continuing operations was CAD 0.08 compared to CAD 4.69 a year ago. Diluted loss per share from continuing operations was CAD 0.08 compared to CAD 4.69 a year ago.
For the nine months, sales was CAD 538.26 million compared to CAD 552.49 million a year ago. Net income was CAD 147.02 million compared to net loss of CAD 46.52 million a year ago. Basic earnings per share from continuing operations was CAD 11.01 compared to basic loss per share from continuing operations of CAD 3.81 a year ago. Diluted earnings per share from continuing operations was CAD 10.62 compared to diluted loss per share from continuing operations of CAD 3.81 a year ago.