Telesat Corporation (TSE:TSAT) has released an update.
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Telesat Corporation has reported a net loss of $52,337 thousand for the first quarter of 2024, a significant downturn from the net income of $28,417 thousand in the corresponding quarter of the previous year. The company also recorded a comprehensive income of $43,418 thousand for the quarter, despite the loss, attributed to foreign currency translation adjustments.
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