TELUS Reports Increase In Earnings
Vancouver, BC-based TELUS Corporation today released financial results for the second quarter of 2005. The company reports particularly strong results from its wireless division, TELUS Mobility.
Among the highlights of the report:
* Consolidated operating revenues of $2.0 billion in the quarter increased eight percent from a year ago and operating income was up 24 percent.
* Earnings per share for the second quarter were 53 cents, up 10 percent compared with 48 cents for the same period a year ago.
* Strong data growth with stable long distance revenues result in increased operating revenues, which increased by $28 million or two percent to $1,217 million in the second quarter of 2005, when compared with the same period in 2004 representing a fourth consecutive quarter of year-over-year growth.
* TELUS Mobility reported a strong cash flow improvement of $44 million driven by 19 percent revenue growth and significant margin expansion.
The full release may be accessed at http://www.tmcnet.com/usubmit/-telus-reports-second-quarter-results-/2005/aug/1170560.htm
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