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Company News

Rogers Communications reports higher quarterly profit

July 19 (Reuters) - Rogers Communications Inc reported a 2 percent rise in quarterly profit on Thursday as more subscribers signed up for the Canadian telecom company’s wireless postpaid services.

The Toronto-based company’s net income rose to C$538 million ($406.34 million), or C$1.04 per share, in the second quarter ended June 30, from C$528 million, or C$1.02 per share, a year earlier.

Revenue rose to C$3.76 billion from C$3.62 billion. ($1 = 1.3240 Canadian dollars) (Reporting by Karan Nagarkatti in Bengaluru; Editing by Arun Koyyur)

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