Telesat expects 3Q revenues to rise $20 million to $220 million
October 24, 2012
|
OTTAWA - Although Telesat has not yet finalized its results for the last quarter, it expects to report revenues of approximately $220 million, compared to $200 million in the third quarter of 2011.
It forecasts adjusted EBITDA of approximately $175 million, compared to $154 million in the third quarter of 2011. Capital expenditures will be approximately $38 million, compared to $61 million in the third quarter of 2011.
It expects a contracted backlog of $5.2 billion, compared to $5.4 billion at the end of the second quarter of 2012. Cash and cash equivalents will reach approximately $143 million, compared to $198 million at the end of the third quarter of 2011 and reflects an increase of $14 million as compared to the cash and cash equivalents balance as of June 30, 2012.
Telesat announced that it intends to release its quarterly results for the three-month period ended September 30, 2012 on or about November 1, 2012. |
| |
