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Telus Posts Increases in Revenues and Net Profits
Published on:
Canada's Telus has announced that its second-quarter revenues rose by 4.3 percent to reach C$2.67 billion, while net profit rose by a slower rate, up 1.2% at C$328 million.
In the wireless segment, revenue growth was generated by 112,000 postpaid wireless customer additions - up 22 percent from a year ago - wireless data revenue growth of 27 percent and continued growth in ARPU - up 2.4 percent.
Robert McFarlane, Telus Executive Vice-President and CFO, said "The overall strong results we've produced in the second quarter and through the first half of 2012 demonstrate that the capital investment program, notably including our significant investments in construction of our new LTE wireless network and Internet data centres to support attractive future organic growth opportunities in wireless and cloud computing, is the right strategy for Telus."
Total wireless subscribers were up 4.9 percent from a year ago to 7.45 million and the proportion of high-value postpaid subscribers increased by 2.3 points to 84.7 percent. Smartphone subscribers now represent 59 percent of the total postpaid subscriber base of 6.3 million as compared to 42 percent a year ago.
Wireless EBITDA of $636 million increased $71 million or 13 percent due to strong revenue growth and effective cost control. The margin of 44.2 percent increased by 2.1 points over last year.
Simple cash flow (EBITDA less capital expenditures) decreased by $16 million to $442 million in the quarter as EBITDA growth was offset by increased capital spending from the ongoing expansion of Telus' LTE network and to support growth.
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