Canadian telecom company Telus' profit falls 10.5 pct

Fri Aug 7, 2015 6:11am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Aug 7 (Reuters) - Canadian telecommunications company Telus Corp posted a 10.5 percent fall in quarterly profit, mainly due to an increase in costs and charges related to adjustments from higher corporate tax rates in Alberta.

The company's net income fell to C$341 million ($259.97 million), or 56 Canadian cents per share, in the quarter ended June 30, from C$381 million, or 62 Canadian cents, a year earlier.

The Vancouver-based company's operating revenue rose 5.1 percent to C$3.10 billion. ($1 = C$1.31) (Reporting by Sneha Banerjee in Bengaluru and Alastair Sharp in Toronto; Editing by Don Sebastian)