[Satellite TODAY 08-11-10] While Loral Space & Communication 2010 second quarter revenues increased $33 million over the same period in 2009 to $481 million, the company suffered a net loss of $20 million in the second quarter due to unfavorable foreign exchange rates that hampered its operator subsidiary, Telesat, Loral announced Aug. 10.
    Loral, which reported a net income of $74 million for the second quarter of 2009, included its 64 percent economic interest in Telesat, as well as all of the operator’s revenue and adjusted EBITDA, in its latest results.
    Loral’s 2010 first half net income stands at $10 million compared to $63 million for the first six months of 2009. The company’s available cash at the end of June was $141.7 million compared to $142.2 million at the end of March.
    “Both Telesat and [Space Systems/Loral] continue to strengthen their operations and improve their results. Our focus on our core strengths should continue to deliver the performance that we have expected for ongoing shareholder value creation,” Loral CEO Michael Targoff said in a statement.