Shaw’s profits up

30 Jun 2008

Canadian cableco Shaw Communications has posted fiscal third-quarter net income of CAD128 million (USD127 million), compared with CAD92 million during the same period of 2007. Revenue in the three months ended 31 May was up by 13% year-on-year to CAD792 million, with sales at the cable division up 15% to CAD608 million, boosted by rate increases. Shaw said it added 57,700 new digital phone subscribers, 32,650 new digital cable subscribers and 23,185 new internet subscribers during the quarter.

Canada, Shaw Communications