BCE net profit falls, revenue rises slightly

Thu Aug 8, 2013 7:53am EDT

(Reuters) - BCE Inc, Canada's biggest telecom provider, reported a 22 percent fall in profit but a marginal increase in revenue on Thursday, with strong growth in wireless.

But a favorable 2012 tax resolution made it hard to compare with year-ago results.

The company increased its profit and revenue forecasts to take into account its acquisition of Astral Media.

The Montreal-based parent of Bell Canada said second-quarter net earnings fell to C$571 million ($548 million), or 74 Canadian cents a share, from C$732 million, or 94 Canadian cents, a year earlier.

Adjusted to exclude one-time items, the company earned 77 Canadian cents a share.

Operating revenue was C$5.00 billion, compared with C$4.93 billion a year earlier.

(Reporting by Alastair Sharp; Editing by Janet Guttsman and Gerald E. McCormick)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.