Rogers profit up amid lower restructuring costs from Shaw merger

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 16 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 174%
  • Publisher: 66%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Rogers 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

Rogers Communications logos above a booth during the media day at the Canadian International AutoShow in Toronto, on Feb. 14, 2019.reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year.

Revenue totalled $5.09 billion, up from $5.05 billion a year earlier, helped by growth in its wireless and media businesses. 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.

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:

 /  🏆 31. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines