Shaw Communications’ quarterly net income up

Revenue and earnings per share also on the rise

Calgary-based Shaw Communications Inc. reported on Thursday that its net income for its fiscal third quarter was $229 million compared to a loss of $99 million for the same quarter a year ago.

The company had revenue of $1.324 billion compared with $1.289 billion a year ago.

And basic earnings per share of 44 cents were up from a loss of 20 cents last year.

“Freedom Mobile maintained its strong momentum in the quarter, growing wireless subscribers and operating margin,” said Brad Shaw, chief executive officer, in a news release.

“We are reaching more Canadians with our affordable data-centric plans, expanded retail and consumer friendly practices, all of which are changing the competitive landscape. The deployment of low band spectrum is significantly enhancing the customer experience and consistently reducing churn. With our successful acquisition of 600 MHz spectrum across our entire wireless operating footprint, we can continue to improve our network experience and provide affordable options for our customers,” said Shaw.

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