Telus reported a profit increase of 21.4 percent in its third quarter, up to $190.1 million from $156.6 million a year ago. Revenue also increased to $2.1 billion from $1.9 billion. The company attributed the improved numbers to strong wireless growth and lower taxes. The profit increase comes despite a strike by thousands of Telus workers in July over labor contracts. The strike led to an increase in operations expenses in the quarter as costs climbed 9.8 percent to $1.2 billion from $1.1 billion. In September the company settled with all but few of the workers; it reached an agreement with the remaining workers earlier this week.
For more on Telus' Q3 results:
- check out this article from the Globe and Mail