February 9, 2017 / 11:09 AM / a year ago

Canada's Telus quarterly profit falls 67 pct

Feb 9 (Reuters) - Telus Corp, one of Canada’s three big telecommunications companies, reported a 67 percent fall in quarterly profit due to restructuring charges.

The company’s net income fell to C$87 million ($66.31 million), or 14 Canadian cents per share, for the fourth quarter ended Dec. 31, from C$261 million, or 44 Canadian cents per share, a year earlier.

The company recorded restructuring and other charges of C$255 million in the fourth quarter compared with C$72 million a year earlier.

Vancouver-based Telus, which competes with Rogers Communications Inc and BCE Inc, said operating revenue rose to C$3.31 billion from C$3.22 billion. ($1 = 1.3120 Canadian dollars) (Reporting by Komal Khettry in Bengaluru; Editing by Shounak Dasgupta)

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