Revenues, net profit up 3%, 24% at Rogers

12 Aug 2009

Canadian quadruple-play operator Rogers Communications has reported that its consolidated revenues rose 3% year-on-year to CAD2.8 billion (USD2.6 billion) in the three months ended 30 June 2009, whilst operating profit climbed 4% to CAD1.0 billion and net income increased 24% to CAD374 million. Rogers’ mobile turnover grew by 6% year-on-year, driven by net post-paid subscriber additions of 148,000 during the quarter, a 38% rise in mobile data revenues (which accounted for 20% of wireless turnover), and gross quarterly activations of 315,000 3G smartphones, approximately half of which were new subscribers. Cable TV, internet, and fixed line home phone subscriber growth all continued to slow in the quarter, reflecting the worsening economic recession and unemployment levels in Ontario where 90% of Rogers’ Cable division business is concentrated, the company said. Rogers’ residential high speed internet customers stood at 1.578 million at end-June 2009, up from 1.534 million a year earlier, although down from 1.591 million in the previous quarter. Total mobile users rose by 8.7% year-on-year to 8.156 million.

Canada, Rogers Communications