Loral reports 2001 year-end results. (Financial Reports).(Loral Space & Communications)(Statistical Data Included)

Wireless Satellite and Broadcasting Newsletter, March, 2002

Loral Space & Communications reported its financial results for the three months and year ended December 31, 2001, and provided guidance for 2002 performance. Highlights include:

- For the year, Loral EBITDA rose 71 percent and Loral Skynet EBITDA was up 35 percent.

- Per share performance improved over 2000 and exceeded company and analyst expectations. Fourth quarter loss was 13Cents per share; full year loss was 86Cents per share.

- Cash and available credits at December 31, 2001, reached $229 million, significantly better than forecast.

Financial Results for the Periods Ended December 31, 2001.

The fourth quarter and full-year results for 2001 included two unusual, non-operating items:

- A gain of $22 million...

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