OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Telesat Corporation (TSAT) on Thursday reported net income of $7.7 million in its fourth quarter.

On a per-share basis, the Ottawa, Ontario-based company said it had net income of 54 cents. Earnings, adjusted for non-recurring gains, were 22 cents per share.

The satellite communications company posted revenue of $121.9 million in the period.

For the year, the company reported profit of $116.4 million, or $8.36 per share. Revenue was reported as $521.6 million.

Telesat expects full-year revenue in the range of $400.4 million to $415 million.

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