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Business  

Telus profits increase

Telus Corp. reported a fourth-quarter profit of $282 million as its revenue improved nearly five per cent compared with a year ago.

The telecommunications company says the profit amounted to 47 cents per share for the quarter ended Dec. 31. That was up from a profit of $81 million or 14 cents per share a year ago when it was hit by restructuring and other costs.

On an adjusted basis, Telus says it earned $328 million or 55 cents per share in the quarter, up from an adjusted profit of $316 million or 53 cents per share.

Analysts on average had expected a profit of 57 cents per share for the quarter, according to Thomson Reuters.

Revenue totalled nearly $3.47 billion, up from nearly $3.31 billion in the same period a year earlier.

In the quarter, Telus added 121,000 wireless postpaid customers, 21,000 high-speed Internet subscribers and 14,000 Telus TV customers.



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