June 27, 2008 / 12:10 PM / in 9 years

Shaw Communications profit rise on phone gains

OTTAWA, June 27 (Reuters) - Shaw Communications SJRb.TO reported a 39-percent increase in third-quarter profit on Thursday, as big gains in its digital phone business lifted results for Canada’s No. 2 cable and satellite TV company.

Shaw said it earned C$128 million ($128 million), or 30 Canadian cents per share, in the three-month period ended May 31. That compares with a profit of C$91.6 million, or 21 Canadian cents a share, in the same period last year. ($1=$1 Canadian) (Reporting by Susan Taylor; editing by Janet Guttsman)

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