Canada's Telus posts higher adjusted profit on broad growth

Reuters News
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Posted: Aug 08, 2013 9:00 AM
Canada's Telus posts higher adjusted profit on broad growth

(Reuters) - Telus Corp, a major Canadian telecom company, posted a 13.5 percent rise in adjusted quarterly profit on Thursday, helped by strong wireless growth and a fixed-line unit that is bucking industry trends with renewed expansion.

The Vancouver-based company said it had adjusted earnings of C$354 million ($340 million), or 54 Canadian cents a share, in the second quarter, compared with C$312 million, or 48 cents a share, a year before.

Operating revenue rose 6.1 percent to C$2.83 billion.

(Reporting by Alastair Sharp; Editing by Gerald E. McCormick)