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Shaw Communications Q3 profit surges on tax liabilities revision and revenue growth


Shaw was expected to earn $169 million or 33 cents per share on $1.35 billion of revenues, according to financial data firm Refinitiv.
The results are from the Calgary company s latest financial report since Shaw agreed to be purchased by Rogers Communications for $26 billion, subject to federal approvals.
The Rogers-Shaw deal isn t expected to complete the review process until next year.
Observers have said the most challenging part of the transaction may be competition issues surrounding Shaw s Freedom Mobile division. The companies say they are confident the deal will be approved.
If the deal succeeds, Toronto-based Rogers would own Canada s No. 1 and No. 4 wireless businesses, the country s two largest cable systems and one of Canada s two direct-to-home satellite services. ....

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Shaw Communications Q3 profit surges on tax liabilities revision and revenue growth | iNFOnews


Shaw Communications Q3 profit surges on tax liabilities revision and revenue growth
A Shaw Communications sign at the company s headquarters in Calgary, Wednesday, Jan. 14, 2015. THE CANADIAN PRESS/Jeff McIntosh
June 30, 2021 - 3:33 PM
CALGARY - Shaw Communications Inc. says it had $354 million of net income for the three months ended May 31, compared with $184 million in last year s fiscal third quarter.
That translated into 70 cents per diluted share, double the profit from a year earlier. Revenue was $1.38 billion, up 4.8 per cent from $1.31 billion in the prior year.
Shaw was expected to earn $169 million or 33 cents per share on $1.35 billion of revenues, according to financial data firm Refinitiv. ....

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