Shaw Communications Q3 consolidated revenue $1.42 billionStaff writer ▼ | June 27, 2015
Shaw Communications announced consolidated financial and operating results for the third quarter ended May 31, 2015. Consolidated revenue for the quarter and year-to-date period of $1.42 billion and $4.14 billion, respectively.
Shaw Communications Consolidated revenue increased 6%
Free cash flow for the three and nine month periods of $256 million and $618 million, respectively, compared to $240 million and $555 million for the same periods last year.
The year-to-date improvement was primarily due to higher operating income before restructuring costs and amortization and lower CRTC benefit obligation funding, partially offset by increased capital investment.
Net income was $209 million or $0.42 per share for the quarter ended May 31, 2015 compared to $228 million or $0.47 per share for the same period last year. Net income for the nine month period was $604 million or $1.23 per share compared to $695 million or $1.45 per share.
The current periods include the impact of a write-down of IPTV assets in the amount of $55 million or approximately $41 million on an after tax basis. ■