By Adriano Marchese
Rogers Communications Inc. said Wednesday that profit rose in the second quarter as growth in all its business segments drove revenue up in the period.
The Canadian communications-and-media company said earnings per share were 60 Canadian cents (47 U.S. cents), up from C$0.54 in the comparable quarter a year earlier.
Net income was C$302 million, compared with C$279 million, it said.
Adjusted earnings were C$0.76 a share, meeting analyst consensus expectations for the quarter.
Sales rose to C$3.58 billion from C$3.16 billion, benefiting from growth in all its businesses, the company said.
In particular, cable revenue rose 5%, while wireless service revenue increased by 2%, the company said. Revenue at its media segment rose 84%, which Rogers said was primarily because of higher advertising and Toronto Blue Jays revenue as live sports resumed and pandemic-related restrictions began to ease.
The board declared a quarterly dividend of C$0.50 a share.
Write to Adriano Marchese at email@example.com
(END) Dow Jones Newswires