April 12, 2018 / 12:24 PM / 4 months ago

BRIEF-Shaw Q2 Revenue Rose 12.4 Pct To C$1.36 Bln

April 12 (Reuters) - Shaw Communications Inc:

* QTRLY LOSS PER SHARE $0.33

* Q2 RESTRUCTURING CHARGE OF $417 MILLION RELATED TO TOTAL BUSINESS TRANSFORMATION INITIATIVE

* QTRLY ARPU OF $38.43 VERSUS $36.44 IN Q2 2017

* ANTICIPATED ANNUALIZED SAVINGS RELATED TO VDP, EXPECTED TO BE ABOUT $215 MILLION AND WILL BE FULLY REALIZED IN FISCAL 2020

* VDP RELATED COST REDUCTIONS IN FISCAL 2018 ARE EXPECTED TO BE APPROXIMATELY $48 MILLION

* YEAR TBT RESTRUCTURING COSTS TO EXCEED $450 MILLION

* ABOUT 1,200 EMPLOYEES WILL BE EXITING BEFORE THE END OF FISCAL 2018 AS PART OF VDP

* MONTH PERIOD Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below