November 7, 2013 / 9:34 PM / 4 years ago

Manitoba Telecom profit, revenue slip

Nov 7 (Reuters) - Manitoba Telecom Services Inc, whose sale of a major network asset was blocked by Canada’s federal government last month, posted a drop in third-quarter earnings per share on Thursday as revenues slipped.

The provincial telecom company said it earned 38 Canadian cents a share, down from 50 Canadian cents a year earlier. Revenue fell 3.7 percent to C$408.4 million ($391 million).

The company said it expects lower revenue next year, and forecast earnings per share of between C$1.60 and C$2 for the year.

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