Telesat Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 186.61 million compared to CAD 187.89 million a year ago. Net loss was CAD 1.95 million compared to net income of CAD 53.01 million a year ago. Basic loss per share from continuing operations was CAD 0.16 compared to basic earnings per share from continuing operations of CAD 1.07 a year ago. Diluted loss per share from continuing operations was CAD 0.16 compared to diluted earnings per share from continuing operations of CAD 1.03 a year ago.
For the six months, sales was CAD 372.38 million compared to CAD 378.38 million a year ago. Net income was CAD 12.04 million compared to CAD 94.33 million a year ago. Basic earnings per share from continuing operations was CAD 1 compared to CAD 1.9 a year ago. Diluted earnings per share from continuing operations was CAD 0.96 compared to CAD 1.86 a year ago.