Tuesday, October 31, 2006
Roger's Net Income Triples; Wireless Revenue Gains
Rogers Communications Inc., Canada's largest cable-television operator, said third-quarter net income tripled as revenue from cable and mobile-phone subscribers surged.
Profit rose to C$154 million ($136.5 million), or 48 cents a share, from C$48.9 million, or 16 cents, a year earlier, Toronto- based Rogers said today. The average profit estimate of 14 analysts surveyed by Thomson Financial was 38 cents.
Revenue from the wireless unit, which accounted for more than half Rogers's total, rose 18 percent.