Shaw profit rises with rate increases

Wed Jan 9, 2013 8:29am EST

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Jan 9 (Reuters) - Canada's Shaw Communications Inc reported higher quarterly profit on Wednesday, as higher cable and satellite rates boosted revenue.

Shaw, the dominant cable provider in Western Canada, said net income rose to C$235 million, or 49 Canadian cents a diluted share, from C$202 million, or 43 Canadian cents, a year earlier.

Revenue at the Calgary-based company rose 3.1 percent to C$1.32 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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