The communications giant posted a 6% rise in revenue in the latest quarter; CEO Tony Staffieri says the company remains committed to the $20-billion Shaw deal as it awaits federal approval
boosted its fourth-quarter profit by 25 per cent to $508-million as it generated more revenue from its wireless division and trimmed costs in its cable business.
The growth was driven primarily by its wireless division, which benefited from higher roaming revenues associated with increased travel, as well as its media division which earned more revenue from its sports business as well as from advertising. The fourth-quarter earnings amounted to $1.00 per diluted share, up from 80 cents per diluted share. After adjusting for various items, Rogers had $1.09 of earnings per diluted share, up 14 per cent from a year ago when it had 96 cents of earnings.
The company also added 193,000 postpaid wireless subscribers during the quarter, compared to 141,000 during the same quarter the previous year.
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