October 25, 2018 / 12:25 PM / 24 days ago

Shaw Communications quarterly profit more than halves

Oct 25 (Reuters) - Canada's Shaw Communications Inc on Thursday reported a 58.4 percent slump in quarterly profit, partly hit by restructuring charges and a rise in expenses.

The company's net income fell to C$200 million ($153.29 million), or 39 Canadian cents per share, for the fourth quarter ended Aug.31, from C$481 million, or 96 Canadian cents a share, a year earlier. (bit.ly/2RevOAd)

Revenue rose to C$1.34 billion from C$1.24 billion.

The company said it recorded an additional C$16 million restructuring charge in the quarter.

$1 = 1.3047 Canadian dollars Reporting by Laharee Chatterjee in Bengaluru; Editing by James Emmanuel

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