Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw merger

The company says the profit amounted to 73 cents per diluted share for the quarter ended June 30, up from 20 cents per diluted share in the same quarter last year.

Revenue totalled $5.09 billion, up from $5.05 billion a year earlier, helped by growth in its wireless and media businesses. Rogers says wireless revenue totalled $2.47 billion in the quarter, up from $2.42 billion a year earlier, while media revenue rose to $736 million from $686 million a year ago. On an adjusted basis, Rogers says it earned $1.16 per diluted share in its latest quarter, an increase from its adjusted profit of $1.02 per diluted share in the same quarter last year.

President and chief executive Tony Staffieri says Rogers' strong results for the quarter come amid the backdrop of a growing market and healthy competition in the telecommunications sector.The Canadian Press

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