February 22, 2012 / 12:22 PM / 6 years ago

UPDATE 1-Rogers profit lifted by cable and wireless growth

TORONTO, Feb 22 (Reuters) - Rogers Communications , Canada’s largest wireless telecommunication company, posted a 2.8 percent rise in its fourth-quarter operating profit on Wednesday, driven by growth in both its cable and wireless businesses.

Its board has authorized an 11 percent increase in its quarterly dividend payout and a C$1 billion share buyback program that will allow the company to repurchase about 10 percent of its Class B outstanding shares.

Rogers said made an adjusted net profit of C$372 million, or 70 Canadian cents a share, on revenue of C$3.18 billion. A year ago, it earned C$338 million, or 60 Canadian cents a share, on revenue of C$3.14 billion.

The company said its adjusted operating profit rose to C$1.09 billion, up from C$1.06 billion, a year earlier.

Rogers’ new quarterly dividend payout will be 39.5 Canadian cents per share up from 35.5 Canadian cents a share.

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