Rogers Communications Q3 net income slightly down

Rogers Communications has reported a net income of C$485 million, or C$0.79 per share, for the third quarter ended September 30, 2009, a 2% decrease, compared to C$495 million, or C$0.78 per share, in the third quarter of 2008.

For the third quarter of 2009, total revenues were C$3.04 billion, a 2% increase, compared to C$2.98 billion in the same quarter of 2008.

For the first nine months ended September 30, 2009, total revenues were C$8.7 billion, a 3% increase, compared to C$8.4 billion in the same period of 2008. Net income was C$1.17 billion, or C$1.86 per share, a 2% increase, compared to C$1.14 billion, or C$1.79 per share, in the same period of 2008.

Nadir Mohamed, president and CEO of Rogers Communications, said: "Our third quarter results represent a healthy balance of growth, cost control and margin expansion, and double-digit increases in cash flow generation and cash returns to shareholders.

"We also further solidified our network leadership positions with the launch of our innovative HSPA+ 21Mbps wireless data and 50Mbps DOCSIS three high speed internet services, both the fastest available in our markets."

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

Related terms: ceo, communications, expansion, internet, president, wireless