Rogers Consolidated Net Income Rises 35% In Latest Quarter
Divya Ravisankar | Jul 21, 2017 03:07
Net income of Rogers Communications Inc (TO:RCIa) rose 35 percent to $531 million in the quarter ended June 2017, compared with $394 million during the quarter ended June 2016. Revenue rose 4 percent to $3592 million in the quarter ended June 2017, compared with $3455 million during the corresponding quarter ended June 2016.
The rise in revenue can be largely attributed to wireless revenues, which increased by 8 percent to $1925 million in the quarter ended Q2’17, compared with $1788 million during Q2’16.
Rogers Communications has four reporting segments: wireless, cable, business solutions and media. As quoted by the company in the press release, the second quarter results seems to reflect continued momentum, with wireless being the main contributor for growth.
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