Telus reports strong wireless growth, but Q2 profit down


Telus Corp. is circulating strong performance in its key wireless division during the second quarter, comprehending customer additions and higher average revenue per user.

Wireless gross income was $1.85 billion, which included a 7.2 per cent increase in network yield supported by the addition of 99,000 contract subscribers during the quarter.

In the wireline boundary line, which includes high-speed Internet and television services, revenue was up 2.5 per cent at as good as $1.5 billion.

Overall revenue for the Vancouver-based telecommunications company was up 3.9 per cent to $3.27 billion, after eliminating internal proceeds.

Net income was down 7.2 per cent at $386 million, including $379 million or 64 cents per dividend attributable to common shareholders, due to lower operating income, higher subsidizing costs and unusual items.

Adjusted profit fell 2.7 per cent to $404 million, or 68 cents per piece, after excluding items such as a 2016 gain from the exchange of spectrum licences during the comparable period last year.

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