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Company News

Shaw Communications quarterly profit jumps 68.5 pct

Jan 14 (Reuters) - Canada’s Shaw Communications Inc said on Monday its quarterly profit surged 68.5 percent as more subscribers signed up for the telecom company’s wireless services.

Net income rose to C$187 million ($140.9 million) or 36 Canadian cents per share, for the first quarter ended Nov. 30, from C$111 million, or 23 Canadian cents a share, a year earlier. [ The Calgary-based company’s revenue rose to C$1.36 billion from C$1.25 billion.

$1 =1.33 Canadian dollars Reporting By Shradha Singh in Bengaluru; Editing by James Emmanuel

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