August 2, 2018 / 11:16 AM / 15 days ago

Canada's BCE reports 8 percent drop in quarterly profit

Aug 2 (Reuters) - BCE Inc reported an 8 percent drop in quarterly profit on Thursday, hit by higher expenses as the Canadian telecom company invested heavily to upgrade its network and expand its customer base.

The Montreal-based company, popularly known as Bell, said net income attributable to its shareholders fell to C$704 million ($540.25 million), or 79 Canadian cents per share, in the second quarter, from C$765 million, or 85 Canadian cents per share, a year earlier.

BCE's operating revenue rose to C$5.79 billion from C$5.69 billion.

$1 = 1.3031 Canadian dollars Reporting by Laharee Chatterjee in Bengaluru; Editing by Shailesh Kuber

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below