Canada's No. 2 phone company says strong sales in its wireless division paved the way for higher overall revenues and a 10 percent profit increase in the second quarter. Telus says it earned C$189.5 million ($155.5 million) in the quarter, or C53 cents (43.4 cents) per share, compared to C48 cents (49.3 cents) in the same period a year ago. Second-quarter revenue was C$2 billion ($1.64 billion), an increase of 8 percent from a year ago. Wireless sales rose 19 percent to C$802 million ($658.1 million) as Telus Mobility added 131,100 new subscribers. Telus says its result were not affected by a strike by members of the Telecommunications Workers Union, which began July 21 and is continuing with no sign of a settlement.
For more on Telus' profitable quarter:
- read this Globe and Mail article