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Rogers reports Q4 net profit up 30% to CAD 455 million
2013-02-15 09:46:00| Telecompaper Headlines
(Telecompaper) Canadian operator Rogers Communications reported operating revenues up 3 percent to CAD 3.26 billion in the fourth quarter driven by 4 percent growth in mobile services and 13 percent growth in mobile equipment revenues. This compares with CAD 3.16 billion of operating revenues in the year-earlier period. Adjusted operating profit rose 7 percent to CAD 1.18 billion and net profit soared 30 percent to CAD 455 million. Quarterly EPS was up 33 percent to CAD 0.88. CEO Nadir Mohamed cited record quarterly smartphone sales, strong mobile data revenue growth and improvements at the media business. The company achieved or exceeded all of its full-year financial guidance and is well positioned for the current year, he added. Overall wireless data revenues rose by 21 percent year-on-year to CAD 727 million in the fourth quarter. In addition, Mohamed said he planned to step down in January 2014.
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Category:Telecommunications
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