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Shaw Communications revenue up 5%

Staff writer ▼ | April 15, 2015
Shaw Communications announced consolidated financial and operating results for the three and six months ended February 28, 2015.
Shaw Communications
Shaw   $2.73 billion in revenue
Consolidated revenue for the quarter and year-to-date period of $1.34 billion and $2.73 billion, respectively, was up 5% and 3% over the comparable periods last year.

Total operating income before restructuring costs and amortization of $557 million improved 5% over the comparable quarter while the year-to-date amount of $1.16 billion improved 2% over the prior year.

Free cash flow for the three and six month periods of $169 million and $362 million, respectively, compared to $158 million and $315 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 capital investment.

Net income was $168 million or $0.34 per share for the quarter ended February 28, 2015 compared to $222 million or $0.46 per share for the same period last year. Net income for the six month period was $395 million or $0.81 per share compared to $467 million or $0.98 per share.

Revenue for the quarter in the Consumer division of $937 million and operating income before restructuring costs and amortization of $409 million were comparable to prior year amounts of $942 million and $408 million.

On a year-to-date basis, revenue of $1.86 billion and operating income before restructuring costs and amortization of $814 million compared to $1.89 billion and $821 million in the prior year.

Business Network Services revenue of $129 million and $256 million for the three month and six month periods, respectively, improved from $119 million and $238 million in the same periods last year.

Operating income before restructuring costs and amortization for the three and six month periods of $65 million and $126 million, respectively, increased compared to $59 million and $117 million in the same periods last year.

Business Infrastructure Services revenue for the three and six month periods was $60 million and $115 million, respectively. Operating income before restructuring costs and amortization was $25 million for the quarter and $46 million for the year-to-date period.

For information purposes, and excluding the impact of foreign exchange, ViaWest is on track to achieve year-over-year low to mid-teen growth in revenue and operating income before restructuring costs and amortization.

Quarterly revenue in the Media division of $238 million and operating income before restructuring costs and amortization of $58 million were comparable to amounts in the prior year of $239 million and $61 million, respectively.

On a year-to-date basis Media revenue declined over the prior year from $564 million to $545 million and operating income before restructuring costs and amortization of $177 million was down compared to $198 million last year.


 

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