February 7, 2019 / 12:09 PM / 3 months ago

Canada's BCE reports a 7.6 percent fall in profit

(Reuters) - Canada’s BCE Inc reported a 7.6 percent fall in quarterly profit on Thursday, hit by higher expenses and severance related payouts.

Montreal-based BCE’s net income attributable to shareholders fell to C$606 million ($457.15 million), or 68 Canadian cents per share, in the fourth quarter ended Dec. 31, from C$656 million, or 72 Canadian cents per share, a year earlier.

BCE, popularly known as Bell, said operating revenue rose to C$6.22 billion from C$6.04 billion.

($1 = 1.3256 Canadian dollars)

Reporting by Shanti S Nair in Bengaluru; Editing by Shailesh Kuber

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