Rogers Communications posts 7 pct profit slip

Thu Jan 29, 2015 7:22am EST
 
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TORONTO Jan 29 (Reuters) - Rogers Communications Inc posted a 7 percent fall in fourth-quarter profit on Thursday, as the cable and telecom company seeks to shift its focus from volume to value.

The Toronto-based company said it had net income of C$297 million, or 62 Canadian cents a share, in the three months to Dec. 31, compared with C$320 million, or 57 cents a share, a year ago. Its revenue was up 4 percent at C$3.37 billion.

Its upped its annual dividend by 5 percent. (Reporting by Alastair Sharp; Editing by Alden Bentley)