June 28, 2018 / 12:12 PM / 17 days ago

Shaw Communications reports loss on Corus investment charge

June 28 (Reuters) - Canadian telecom company Shaw Communications Inc reported a quarterly loss on Thursday, hurt by a C$284 million ($214 million) charge related to its investment in Corus Entertainment Inc.

The Calgary-based company posted a loss of C$91 million, or 18 Canadian cents a share, in the third quarter ended May 31, compared with a profit C$133 million, or 27 Canadian cents per share, a year earlier.

Revenue rose 7 percent to C$1.3 billion. ($1 = 1.3290 Canadian dollars) (Reporting by Parikshit Mishra Editing by Saumyadeb Chakrabarty)

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