Brief: Telesat Reports Results For Twelve Months Ended Dec 31, 2022

Telesat

29/03/2023 12:33

March 29 (Reuters) - Telesat Corp  TSAT.TO :
    * TELESAT REPORTS RESULTS FOR THE QUARTER AND TWELVE MONTHS
ENDED
DECEMBER 31, 2022
    * TELESAT CORP QUARTERLY REVENUE ROSE 10 PERCENT TO C$207.0
MILLION
    * TELESAT CORP - FOR 2023, TELESAT EXPECTS ITS CASH FLOWS
USED IN
INVESTING ACTIVITIES TO BE IN RANGE OF $40 MILLION TO $70
MILLION.
    * TELESAT CORP - QTRLY NET INCOME PER COMMON SHARE
ATTRIBUTABLE TO
TELESAT CORPORATION SHAREHOLDERS DILUTED $1.76
    * TELESAT CORP - TELESAT EXPECTS ITS FULL YEAR 2023 REVENUES
(ASSUMING A FOREIGN EXCHANGE RATE OF US$1 = C$1.35) TO BE
BETWEEN $690 MILLION AND $710 MILLION
    * TELESAT CORP - TELESAT EXPECTS ITS ADJUSTED EBITDA
(ASSUMING A
FOREIGN EXCHANGE RATE OF US$1 =C$1.35) TO BE BETWEEN $500
MILLION AND $515 MILLION IN 2023

Source text for Eikon:  ID:nGNX1v2dL 
Further company coverage:  TSAT.TO 

 ((Reuters.Briefs@thomsonreuters.com;))