Shaw profit triples as Wind Mobile purchase helps

Fri Jul 15, 2016 8:13am EDT
 
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July 15 (Reuters) - Shaw Communications Inc's quarterly profit more than tripled, boosted by the purchase of wireless company Wind Mobile and a gain from the sale of its media assets to Corus Entertainment Inc.

The Calgary-based telecom company's net income rose to C$ 704 million ($547 million), or C$1.44 per share, in the third quarter ended May 31, from C$209 million, or 42 Canadian cents per share, a year earlier.

Shaw's quarterly revenue rose about 13 percent to C$1.28 billion. ($1 = 1.2865 Canadian dollars) (Reporting by Amrutha Gayathri in Bengaluru)