{"id":77628,"date":"2014-05-06T23:57:25","date_gmt":"2014-05-06T15:57:25","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/telesat-reports-q4-2013-and-fy-2013-financial-results\/"},"modified":"2014-05-06T23:57:25","modified_gmt":"2014-05-06T15:57:25","slug":"telesat-reports-q4-2013-and-fy-2013-financial-results","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/telesat-reports-q4-2013-and-fy-2013-financial-results\/","title":{"rendered":"Telesat Reports Q4 2013 and FY 2013 Financial Results"},"content":{"rendered":"<\/p>\n<p>[Via Satellite 05-06-2014] <b>Telesat<\/b> announced its fourth quarter 2013 and fiscal year 2013 financial results. The company reported consolidated revenues of $823.2 million for the year of 2013, an increase of about 5 percent from 2012 when adjusted for exchange rates from Canadian dollar amounts. Revenue was driven primarily from the Nimiq 6 and Anik G1 satellites, which entered into commercial service in June 2012 and May 2013, respectively.<\/p>\n<p>Operating expenses for the year of 2013 decreased by $47 million, a reduction by 19 percent in comparison to 2012 expenses. Telesat reported total net income for 2013 of $62.4 million, compared to a total income of about $22 million in 2012.<\/p>\n<p>For the fourth quarter of 2013, total revenues reached $205.6 million, a decrease of 4 percent compared to the same period in 2012 when adjusted for foreign exchange rate changes. This decrease was driven mainly by lower revenues from Nimiq 1 and Nimiq 2 satellites.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Via Satellite 05-06-2014] Telesat announced its fourth quarter 2013 and fiscal year 2013 financial results. The company reported consolidated revenues of $823.2 million for the year of 2013, an increase of about 5 percent from 2012 when adjusted for exchange rates from Canadian dollar amounts. Revenue was driven primarily from the Nimiq 6 and Anik [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74296,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-77628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/77628"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=77628"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/77628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/74296"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=77628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=77628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=77628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}