{"id":83957,"date":"2011-11-11T22:17:24","date_gmt":"2011-11-11T14:17:24","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/loral-sees-77-million-net-loss-in-third-quarter\/"},"modified":"2011-11-11T22:17:24","modified_gmt":"2011-11-11T14:17:24","slug":"loral-sees-77-million-net-loss-in-third-quarter","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/loral-sees-77-million-net-loss-in-third-quarter\/","title":{"rendered":"Loral Sees $77 Million Net Loss in Third Quarter"},"content":{"rendered":"<p>[11-11-11] <b>Loral Space &amp; Communications<\/b> reported a net loss of $77 million in its 2011 third quarter compared to net income of $72 million in same period last year, driven by a large swing in the U.S. dollar versus Canadian dollar exchange rate, according to its latest financial results issued Nov. 10.<br \/>\n&nbsp; &nbsp;Loral\u2019s total revenues and adjusted EBITDA for all segments before eliminations for the third quarter of 2011 were $473 million and $180 million, respectively, compared to $527 million and $207 million, respectively, for the third quarter of 2010.<br \/>\n&nbsp; &nbsp;Combined segment revenues and adjusted EBITDA for the first nine months of the year were $1.42 billion and $560 million, respectively, compared to $1.43 billion and $546 million for the first nine months of 2010. Satellite operator <b>Telesat<\/b> included its revenue and adjusted EBITDA in the segment results. Loral\u2019s income statement, however, reflected its 64 percent economic interest in Telesat under the equity method of accounting.<br \/>\n&nbsp; &nbsp;Loral\u2019s available cash at the end of the recent quarter increased to $239 million compared to $166 million at the end of 2010. The company said that liquidity continued to be enhanced by the availability of its $150 million revolver with Space Systems\/Loral (SS\/L), which remains un-drawn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[11-11-11] Loral Space &amp; Communications reported a net loss of $77 million in its 2011 third quarter compared to net income of $72 million in same period last year, driven by a large swing in the U.S. dollar versus Canadian dollar exchange rate, according to its latest financial results issued Nov. 10. &nbsp; &nbsp;Loral\u2019s total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-83957","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83957"}],"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=83957"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83957\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=83957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=83957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=83957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}