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Telus Reports Fourth-quarter Profit And Revenue Up From Year Ago

The Canadian Press, 12 Feb, 2015 03:10 PM

VANCOUVER — Telus Corp. (TSX:T) increased its fourth-quarter profit 7.6 per cent compared with a year before, helped by growth in its wireless business.

The telecommunications company said Thursday it earned $312 million or 51 cents per diluted share for the quarter ended Dec. 31 compared with a profit of $290 million or 46 cents per diluted share a year ago.

Operating revenue improved to $3.13 billion, up from $2.95 billion in the fourth quarter of 2013.

The increase came as total wireless operating revenue grew to $1.76 billion compared with $1.6 billion a year ago. Telus's wireline revenue totalled $1.43 billion, up from $1.41 billion.

Telus said it added 110,000 net new wireless customers in the quarter excluding its acquisition of Public Mobile compared with 91,000 in the fourth quarter of 2013.

The company's average revenue per user excluding Public Mobile was $64.20, up from $61.86.

"Customers vote with their feet every day, and it is gratifying to see them consistently voting to stay with Telus, or to join us from another provider," Telus chief executive Joe Natale said in a statement.

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