Telesat Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CAD 704.16 million compared to CAD 759.17 million a year ago. Net income was CAD 157.12 million compared to net loss of CAD 23.76 million a year ago.

Basic earnings per share from continuing operations was CAD 11.71 compared to basic loss per share from continuing operations of CAD 1.93 a year ago. Diluted earnings per share from continuing operations was CAD 11.29 compared to diluted loss per share from continuing operations of CAD 1.93 a year ago.