BCE net profit falls, revenue rises slightly

Thu Aug 8, 2013 7:50am EDT
 
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Aug 8 (Reuters) - BCE Inc, Canada's biggest telecom provider, reported a 22 percent fall in profit but a marginal increase in revenue on Thursday, with strong growth in wireless.

But a favorable 2012 tax resolution made it hard to compare with year-ago results.

The company increased its profit and revenue forecasts to take into account its acquisition of Astral Media.

The Montreal-based parent of Bell Canada said second-quarter net earnings fell to C$571 million ($548 million), or 74 Canadian cents a share, from C$732 million, or 94 Canadian cents, a year earlier.

Adjusted to exclude one-time items, the company earned 77 Canadian cents a share.

Operating revenue was C$5.00 billion, compared with C$4.93 billion a year earlier.