Telus reports flat adjusted earnings and mobile adds

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Vancouver telecom company reported total operating revenue for the quarter of $5.05-billion, a 3.8-per-cent increase compared with last year

. Telus said the gain was driven by growth in its technology division, including health care, and consumer serviceOn a net income basis, Telus reported a 60-per-cent drop in profit to $265-million or 17 cents a share, reflecting a pre-tax gain of $410-million in the fourth quarter of 2021 from the sale of its financial services business to legal software provider Dye & Durham.

The company added 301,000 net customers across mobile and fixed services – including internet, security and television connections – during the latest quarter, up from 272,000 from last year. Mr. Entwistle said this was the company’s best fourth quarter on record for customer acquisitions. told The Globe this was a result of increased roaming charges from more international travel and customers upgrading to more expensive plans.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Telus expects earnings, revenue gains as it trims spendingThe company said Thursday it expects free cash flow to jump 60 per cent to $2 billion in the year ahead compared with the last as the intensity of its capital…
Source: VancouverSun - 🏆 49. / 61 Read more »