Telephony, internet services and cable TV group (TSE:RCI, NYSE:RCI) reported second quarter adjusted operating profits slightly above market consensus, supported by what the company called ?exceptionally strong margins? in both the wireless and cable businesses.
For the three months to end-June 2012, Rogers made adjusted operating profit of C$1.276 billion, or 91 cents a share, beating the market consensus of 86 cents for the period.
The figures compared to C$1.244 billion, or 86 cents, a year earlier.
Revenues rose slightly year-on-year to C$3.106 billion from C$3.097 billion.
Wireless data revenue grew by 13 percent and it added a net 87,000 postpaid subscribes, helping drive wireless data revenue to now comprise 39 percent? of Wireless network revenue compared to 35 percent in the same quarter last year.
Wireless activated 629,000 smartphones in the quarter, of which approximately 36 perecent were new subscribers.
This resulted in subscribers with smartphones, who typically generate ARPU (average revenue per user) nearly twice that of voice only subscribers, representing 63 percent of the overall postpaid subscriber base as at June 30, up from 48 percent at the same time last year, the company added.
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