Telus reports strong wireless growth, but Q2 profit down

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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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