Telus’ profits slide on flat turnover

Canadian full-service telco Telus has reported a 16.7% year-on-year fall in consolidated group net income in the first quarter of 2010 to CAD268 million (USD261 million), on operating revenues that remained flat year-on-year at CAD2.375 billion. A 4.1% rise in wireless turnover counteracted a 3.4% drop in wireline division sales in the quarter ended 31 March 2010, whilst consolidated EBITDA climbed 3.8% y-o-y to CAD940 million. Group CAPEX – CAD474 million in 1Q09 – decreased by 34% (including a 70% drop in wireless CAPEX) to CAD311 million in January-March 2010.