Shaw Communications Inc., the country’s largest cable television provider, has announced its financial results for the fourth quarter and fiscal year ending August 31, 2010.

The company reported income was $423 million and $1.76 billion, respectively, improved 7% and 14% over the same periods. Revenue for the three and twelve month periods was $939 million and $3.72 billion was up 8% and 10%, respectively, over the comparable periods last year.

To put it in simple terms, Shaw earned almost $5 million per day in the latest fiscal year.

In the Cable division, revenues were up 9% for the June to August time period and up 11% for the year to $741 million and $2.93 billion respectively. In the satellite division, revenues for the final quarter and the year were up 4% to $197 and $790 million respectively.

The growth in profits was primarily due to growth in the number of Shaw subscribers who are signing up for digital cable, digital phone, and high speed internet.

While the number of Shaw analog cable customers and Shaw Direct customers increased marginally for the year - 2,410, the number of digital cable, digital phone and high speed internet customers increased 328,841, 110,012 and 234,402 respectively.

The following are Shaw subscriber counts as of August 31, 2010.
  • Basic cable customers - 2,333,438
  • Digital customers - 1,650,565
  • Internet customers - 1,818,347
  • Digital phone lines - 1,096,306
  • DTH satellite customers - 905,796

Comment below or discuss in our Shaw Direct and Shaw Digital Cable forum.