A woman is silhouetted as the Telus Corp. logo is displayed on a screen during a company event in Vancouver on Friday, October 2, 2015. THE CANADIAN PRESS/Darryl Dyck

Telus reports Q3 profit and revenue up from year ago, raises dividend

Telus Corp. reported a third-quarter profit of $447 million, up from $406 million a year ago, and raised its dividend.

Telus Corp. reported a third-quarter profit of $447 million — up from $406 million a year ago — and raised its dividend.

The company says it will now make a quarterly payment to shareholders of 54.5 cents per share, up from 52.5 cents.

The profit amounted to 74 cents per share for the quarter ended Sept. 30, up from 68 cents per share a year ago.

Operating revenue totalled $3.77 billion, up from $3.40 billion in the third quarter of 2017.

On an adjusted basis, Telus says it earned 74 cents per share for the quarter, up from 70 cents a year ago.

Thomson Reuters Eikon says analysts on average expected a profit of 72 cents per share.

Telus reported 145,000 net new wireless customers, as well as an increase of 36,000 high-speed Internet subscribers and 18,000 Telus TV customers.

Read more: Telus launches charitable foundation to help vulnerable youth

Read more: B.C. and Alberta cellphones will light up Wednesday with emergency test signal

Companies in this story: (TSX:T)

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

County of Wetaskiwin council moves ahead on efficiency audit

Intense debate Apr. 9 over how county’s efficiency should be reviewed

Alberta’s 47 legislature newbies meet under the dome for orientation day

Most new members are with the United Conservatives, who won a majority government

Albertans have spoken, and spoken clearly

UCP takes 63 electoral districts, NDP mostly an Edmonton party

AFSC crop insurance rates lower for some producers in 2019

Cow-calf producers can take advantage of premiums lower than at this time last year

New Sarepta students host political forum Apr. 10

Political Forum hosted by NSCHS Students

VIDEO: Police dog in Oregon struck by 200 porcupine quills during pursuit

The German shepherd had to be sedated and was in treatment for more than two hours

Wilson-Raybould: Feds want to just ‘manage the problem’ of Indigenous Peoples

Former federal justice minister speaks at First Nations Justice Council meeting in B.C.

Oil and gas company confirms death of one of its employees in Yoho avalanche

Dana Coffield died when he was skiing in the Rocky Mountains

Cenovus CEO estimates production curtailments will deliver billions to taxpayers

The curtailment program started Jan. 1 was designed to keep 325,000 barrels per day off the market

Singh says childhood abuse steeled him for scrutiny and stress of politics

He recounts the assaults for the first time in his book Love & Courage

Despite five extra weeks’ parental leave in Canada, dads still face stigma: survey

One reason people said dads don’t need leave is because they can just bond with their kids at weekend

Calgary’s public school board responds to Syrian child’s suicide after bullying

Amal Alshteiwi, a newcomer to Canada from Syria, took her own life several weeks ago

Child, 11, accidentally shot in the chest at Alberta religious colony

Child taken from Hutterite colony to nearby hospital

Woman in critical condition after motorcycle crash on Edmonton highway

Police say both women were thrown from the bike, and the van continued forward, hitting a Nissan Altima

Most Read