Reuters logo
4 years ago
Canada's Shaw Communications posts profit, but loses more TV customers
January 14, 2014 / 1:35 PM / 4 years ago

Canada's Shaw Communications posts profit, but loses more TV customers

TORONTO, Jan 14 (Reuters) - Western Canada-focused Shaw Communications Inc posted a 4 percent rise in first-quarter profit on Tuesday, but it continued to lose customers in its main cable television business.

The Calgary, Alberta-based cable company said its net income was C$245 million, or 51 Canadian cents a share, compared with C$235 million, or 50 Canadian cents a share, a year earlier. Revenue was up 3 percent at C$1.36 billion.

Shaw, which is facing tough competition for TV and Internet customers from telecom rival Telus Corp, said it lost 29,619 TV subscribers.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below