Earnings attributable to shareholders jumped 63 per cent year-over-year to $537 million in the company’s second quarter
boosted its profits despite a dip in revenue last quarter as the telecoms giant began to feel the financial effect of thousands of job cuts from earlier this year.
Revenues in the quarter ended June 30 slipped one per cent to $6.01 billion from the same period a year earlier. Chief executive Mirko Bibic attributed the decrease to low prices at rival mobile and internet providers as well as the closure of 107 The Source stores — 39 per cent of the electronics retailer’s locations.
The Montreal-based media conglomerate achieved a 1.3 percentage-point increase in its adjusted earnings margin year-over-year.
Cent Share Quarter Bce Earnings Revenue Company Growth CTV Bell BCE
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