October 20, 2011 / 1:42 PM / 7 years ago

UPDATE 1-Shaw Communications Q4 profit rises

* Q4 EPS from cont ops C$0.37

* Q4 rev up 26 pct to C$1.18 bln

* Shares down 1 pct (Follows alerts)

Oct 20 (Reuters) - Shaw Communications (SJRb.TO) said quarterly profit rose helped partly by its new media acquisitions, but forecast a moderate slowdown in free cash flow for 2012.

Shaw said it expects free cash flow to fall slightly to C$550 million ($543.8 million) in 2012, mainly due to higher taxes. The company expects revenue and operating profit to grow across all divisions in 2012.

Fourth quarter net income from continuing operations was C$166.2 million, or 37 Canadian cents per share, compared with C$123 million, or 28 Canadian cents per share, a year ago.

Revenue rose 26 percent to C$1.18 billion.

Analysts, on average, had expected the company to earn 34 Canadian cents per share or revenue of C$1.20 billion, according to Thomson Reuters I/B/E/S.

Shares of the company fell to C$20.66 on Thursday morning on the Toronto Stock Exchange. ($1 = 1.011 Canadian Dollars) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Supriya Kurane)

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