(Corrects fourth and seventh paragraphs to fix currency to
Canadian dollar from U.S. dollar)
* Second-qtr EPS C$0.46 vs est C$0.38
* Revenue rises 2 pct; media segment revenue falls 4 pct
April 10 Shaw Communications Inc's
profit rose 22 percent in the second quarter, helped by a gain
from the sale of some media assets to Corus Entertainment Inc
The cable TV operator said net income rose to C$222 million
($203 million), or 46 Canadian cents per share, from C$182
million, or 38 Canadian cents per share, a year earlier.
Analysts had on average expected Shaw to earn 41 Canadian
cents a share on revenue of C$1.3 billion, according to Thomson
Shaw gained C$49 million from the sale of its 50 percent
interest in two French-language channels, Historia and Series+,
to Corus earlier this year.
Internet customer additions rose to 12,767 from 7,675 a year
Shaw lost 20,758 video subscribers in the quarter, while it
added 8,075 landline telephone accounts.
Revenue from its media operations fell 4 percent to C$249
Total revenue rose about 2 percent to C$1.27 billion for the
quarter ended Feb. 28, the Calgary, Alberta-based company said.
Shares of Shaw closed at C$26.44 on the Toronto Stock
Exchange on Wednesday.
($1 = 1.0919 Canadian Dollars)
(Reporting by Alastair Sharp and Sneha Banerjee; Editing by
Savio D'Souza and Prateek Chatterjee)