Telus reports Q1 profit down from a year ago, raises quarterly dividend

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Operating revenue and other income totalled $4.96 billion, up from $4.28 billion in the first three months of 2022. On an adjusted basis, Telus says it earned 27 cents per share in its latest quarter, down from an adjusted profit of 30 cents per share a year earlier. Its adjusted net earnings totalled $386 million, down from $415 million the same period last year.

Analysts on average had expected an adjusted profit of 26 cents per share and nearly $4.90 billion in revenue, according to estimates compiled by financial markets firm Refinitiv.Article contentIts monthly churn rate for the category — a measure of subscribers who cancelled their service — was 0.88 per cent, up from 0.81 per cent during its previous first quarter.

Telus’ wireless mobile phone average revenue per user was $58.61, up $2.16 from the first quarter of the prior year, which the company largely attributed to increased roaming as a result of more international travel.CRTC refuses Telus request to add credit card processing fee to certain billsOur in-depth journalism is possible thanks to the support of our subscribers. For just $3.

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