(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