Telus re­ports Q3 profit wire­less sub­scribers spike

The Standard (St. Catharines) - - Business -

TORONTO — Telus Corp. raised its div­i­dend amid a 10 per cent in­crease in its third quar­ter profit and a surge in wire­less sub­scribers. The Van­cou­ver-based telecom­mu­ni­ca­tions brand said af­ter mak­ing $447 mil­lion or 74 cents a share — up from $406 mil­lion or 68 cents a share a year ago — for the pe­riod that ended Sept. 30, it will now make a quar­terly pay­ment to share­hold­ers of 54.5 cents per share, an in­crease from 52.5 cents. Chief fi­nan­cial of­fi­cer Doug French told The Cana­dian Press on Thurs­day that he con­sid­ered the quar­ter “strong” be­cause of the com­pany’s wire­less and wire­line growth, which has come as Telus has been ex­pand­ing its fi­bre net­work to western Canada.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.