June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

UPDATE 1-Shaw Communications posts slight rise in quarterly revenue

Published 2016-04-14, 08:59 a/m
© Reuters.  UPDATE 1-Shaw Communications posts slight rise in quarterly revenue
CJRb
-
SJRb
-
T
-

(Adds details, background)
April 14 (Reuters) - Canada's Shaw Communications Inc
SJRb.TO posted a 3 percent rise in quarterly revenue as it
added more retail Internet customers.
Calgary-based Shaw has transformed itself into a pure-play
communications company, purchasing the country's fourth largest
wireless company Wind Mobile in late February and selling its
media assets to Corus Entertainment Inc CJRb.TO in a deal that
closed earlier this month.
Shaw, which competes with Telus Corp T.TO in Western
Canada, said its consumer unit added more than 4000 internet
customers in the quarter.
The company's net income fell to C$164 million, or 32
Canadian cents per share, in the second quarter ended Feb. 29,
from C$168 million, or 34 Canadian cents per share, a year
earlier.
Shaw's quarterly revenue rose to C$1.15 billion from $1.12
billion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.