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Telus posts double-digit profit and revenue growth in second quarter

VANCOUVER – Telus Corp. posted double-digit revenue and income will increase in its newest quarter a day after asserting the acquisition of latest spectrum licences for $1.95 billion.

The Vancouver-based firm and proprietor of certainly one of Canada’s three nationwide wi-fi networks says its internet revenue attributable to widespread shareholders climbed 15.5 per cent to $335 million within the second quarter from $290 million a yr earlier.

That equalled 25 cents per share for the three months ended June 30, two cents per share higher than the second quarter of 2020.

Adjusted income have been $348 million or 26 cents per share, in contrast with $316 million or 25 cents per share within the prior yr quarter.

Revenues elevated 10.3 per cent to $4.1 billion, from $3.7 billion, pushed by a rise in buyer, cell phone and stuck buyer internet additions.

Telus was anticipated to report 26 cents per share in adjusted income on $4.08 billion of revenues, in response to monetary knowledge agency Refinitiv.

“TELUS’ continued execution excellence, realized in opposition to the backdrop of the continuing international pandemic, was characterised by the constant mixture of industry-leading and worthwhile buyer progress, yielding sturdy monetary outcomes throughout our enterprise as evidenced by 10 per cent consolidated income and EBITDA progress,“ stated CEO Darren Entwistle.

This report by The Canadian Press was first revealed July 30, 2021.

Firms on this story: (TSX:T)



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