Friday, August 3, 2007

Costs, charges drag Telus profit down 29 pct

(Reuters) - OTTAWA, Aug 3 - Telus Corp. , Canada's second-biggest phone company, said on Friday that second-quarter profit sank 29 percent as it accounted for costs for a new billing system, the introduction of wireless number portability, and the failed launch of AMP'd Mobile service.



Net earnings declined to C$253.1 million , or 75 Canadian cents a diluted share. That is down from a profit of C$356.6 million, or C$1.02 a share, in the same period last year.


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