August 4, 2011 / 11:33 AM / 7 years ago

CORRECTED - UPDATE 1-BCE Q2 profit slips on CTV costs

(Corrects revenue percentage increase; also corrects revenue figure in bulletpoint)

* Costs associated with CTV buy hit bottom line

* Revenue grew 11.6 pct to C$4.96 bln

TORONTO, Aug 4 (Reuters) - Top Canadian communications company BCE Inc (BCE.TO) reported a 2.5 percent dip in second-quarter net earnings, mostly due to costs from its CTV purchase.

The Montreal-based company, which operates primarily under the Bell Canada brand, said on Thursday that net profit fell to C$590 million, or 76 Canadian cents a share, from C$605 million, or 80 cents a share, a year earlier.

    On an adjusted basis, BCE earned 86 Canadian cents a share. Revenue grew 11.6 percent to C$4.96 billion.

    Analysts on average had expected Bell to earn 81 Canadian cents a share on revenue of C$4.9 billion, according to Thomson Reuters I/B/E/S. (Reporting by Alastair Sharp; Editing by Lisa Von Ahn)

    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