Rogers Gains Sharply In Q3
November 1, 2007 at 1:02 PM (PT)
ROGERS COMMUNICATIONS revenues rose 13% to C$2.611 billion for third quarter, with net income jumping 75% to C$269 million (42 cents/basic and diluted share). Media division revenue (including radio) rose 6% to C$339 million, with radio showing gains that the company attributed to "a combination of organic growth and the acquisition of five radio stations in ALBERTA in JANUARY 2007."
"The company's continued healthy growth in subscribers and cash flow reflect our intense focus on delivering innovative products, great customer service and profitable growth," said Pres./CEO TED ROGERS. "While our brand, franchises and markets are all strong, we have much work to do to maintain our leadership position."