TORONTO - Rogers Communications Inc. has reported second-quarter net income of $301 million, up from a year-ago loss of $56 million, as operating revenue grew 11 per cent to $2.8 billion.
Canada's biggest cable-TV and cellphone operator said Tuesday its April-June earnings amounted to 47 cents per share, compared with a loss of nine cents per share in the year-ago period, when operating revenue was $2.52 billion.
Rogers said its operating profit improved to $1.09 billion, from $930 million a year earlier.
Wireless subscriber postpaid net additions were 92,000, while monthly churn was trimmed to 1.06 per cent, compared with 1.15 per cent a year earlier. Postpaid monthly average revenue per user increased four per cent to $75.48.
Rogers Cable ended the quarter with 745,000 residential voice-over-cable telephone lines, up 41,000 during the quarter. High-definition TV subscribers increased 59 per cent from a year earlier to 455,000.
"The results for the second quarter reflect a good balance of continued healthy subscriber growth, double-digit revenue and operating profit growth, with continued margin expansion," stated CEO Ted Rogers.
"While the competitive landscapes in which our businesses operate are constantly evolving, our unique combination of leading networks, powerful brand and distribution, and leadership in service and bundling capabilities positions Rogers uniquely for continued growth and success well into the future."
