VANCOUVER — Telus Corp. saw a 74 per cent year-over-year drop in profit in its latest quarter, despite a solid revenue boost and record customer growth.
Telus attributed the decrease to costs related to restructuring after it announced in August it would cut 6,000 jobs due to issues around regulation and competition. Adjusted basic earnings fell nearly 27 per cent to 25 cents per share from 34 cents per share, but slightly beat analyst expectations of 24 cents per share, according to financial markets data firm Refinitiv.
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