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Company News

Rogers Communications quarterly profit rises on subscriber addition

Jan 24 (Reuters) - Canadian cable and telecom operator Rogers Communications Inc on Thursday reported a rise in quarterly profit, as more subscribers joined its postpaid wireless services.

The Toronto-based company’s net income rose to C$502 million ($375.78 million), in the fourth quarter ended Dec.31, from C$499 million.

On a per share basis, the company earned 97 Canadian cents per share, flat compared with a year earlier.

Revenue rose to C$3.94 billion from C$3.73 billion.

$1 = 1.3359 Canadian dollars Reporting by Arundhati Sarkar and Shanti S Nair in Bengaluru

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