Shaw Communications Inc., the country’s largest cable television provider, today announced its financial results for the first fiscal quarter ending November 30, 2011.
The company reported revenue for the three month period was $1.28 billion, up 19% over the same period last year. Operating income before amortization for the September to November time frame was $566 million, up 18% over the same period a year earlier.
Telus Corporation today reported its financial results and subscriber counts for the third quarter of 2011.
The company reported operating revenues of $2.6 billion for the quarter, up 6.5% from the same quarter a year earlier. Net income $326 million, up a whopping 30% from $251 million in same period a year earlier driven by three non-recurring items. Adjusted for the non-recurring items, net income was still up by 12% over the third Quarter of 2010.
Bell Canada Enterprises (BCE), Canada’s largest communications company, today reported financial results for the third quarter of 2011.
BCE, which includes Bell Canada, Bell Aliant, Bell Media, Virgin Mobile, and the Source, reported a 8.7% increase in operating revenues to $4.9 billion and a 41.4% increase in net earnings to $642 million, when compared to the same quarter in 2010.
Cogeco, the nation’s fourth largest cable provider, today announced its financial results for the fourth quarter and fiscal year ending August 31, 2011.
The company reported consolidated revenue of $375.4 million during the final quarter of the year, up 12.5% over the same period in 2010. Revenues for the entire 2011 fiscal year were $1.44 billion, up 9.2% from 2010.
The CRTC last week released the aggregate financial results for cable, satellite distribution and multipoint distribution system (MDS) companies in Canada for 2010.
The regulator reports that Canadian cable companies earned profits before interest and taxes (PBIT) of $2.6 billion, up 10.6% from $2.3 billion in 2009 and up 121% from $1.2 billion five years earlier.
Cogeco, the nation’s fourth largest cable provider, today announced its financial results for the third quarter of its 2011 fiscal year which ended May 31, 2011.
While revenue and operating income showed strong growth, Cogeco reported a third quarter loss of $56.7 million after it was forced to take a $225.9 million loss on its investment in Cabovisão, a Portuguese cable operator
Shaw Communications Inc., the country’s largest cable television and cable telephone provider, has announced its financial results for the third quarter of its fiscal year ending May 31, 2011.
The company reported revenue for the three month period was $1.82 billion, up 36% over the same period last year. The big increase in revenue was due primarily to increased cash flow from the new Shaw Media division (formerly CanWest Global Communications) and higher cash flow from the cable division.
The Canadian Specialty Television Industry is perhaps this country’s most profitable industry. Cultural tariff barriers placed on the industry by the Federal government allowed the industry to record revenues and record profits in 2010.
Last, the Specialty television industry had profits of $877 million on $3.46 billion in revenues. The specialty station with the largest profits was Bell Media’s TSN which earned profits of $53 million on revenues of $267.6 million.