Telus reports second-quarter profit, revenue boost

boosted its second-quarter profit and revenue as it added new mobile phone and internet customers.

The Vancouver-based telecom had $4.4-billion in revenue during the quarter, up 7.1 per cent from a year ago when it had $4.1-billion revenue. Its profit for the three-month period ended June 30 was $498-million, up 44.8 per cent from $344-million during the same period last year. The earnings amounted to 34 cents per share, up from 25 cents per share.

After adjusting for restructuring costs, income tax-related adjustments and other items, the telecom had $422-million in profit, up 21.3 per cent from $348-million a year ago. The adjusted earnings amounted to 32 cents per share, up from 26 cents per share.Telus added 93,000 net new mobile phone customers and 34,000 net new internet subscribers during the quarter.

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Source: Tech Daily Report (techdailyreport.net)

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