Shaw Communications Q4 consolidated revenue $1.3 billionStaff writer ▼ | October 23, 2015
Shaw Communications announced consolidated financial and operating results for the fourth quarter and fiscal 2015.
Shaw Communications Total operating income was $573 million
Total operating income before restructuring costs and amortization for the quarter and fiscal year of $573 million and $2.4 billion, respectively, improved 9.1% and 5.2% over the comparable periods.
These results reflect the operations of ViaWest, which was acquired on September 2, 2014.
Net income was $276 million or $0.57 per share for the fourth quarter compared to $192 million or $0.40 per share for the comparable period.
This increase was driven primarily by improvement in operating income before restructuring costs and amortization and a one-time gain on the sale of spectrum licenses for advanced wireless service partially offset by an increase in amortization and income taxes.
Net income for fiscal 2015 was $880 million or $1.80 per share compared to $887 million or $1.84 per share for fiscal 2014. ■