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Shaw Communications Q2 Profit Rises - Quick Facts

Shaw Communications, Inc. (SJR, SJR_B.TO) reported that its second-quarter net income attributable to equity shareholders increased to C$172 million from C$169 million in the same quarter last year. Net income per share was C$0.38, unchanged from last year.

Quarterly revenue rose to C$1.25 billion from C$1.23 billion in the year ago quarter.

For fiscal 2013, the company anticipates modest growth in consolidated revenue and operating income before amortization. The company expects to deliver consolidated free cash flow of approximately C$550 million.

Shaw Communications also announced that its Board of Directors has declared monthly dividends of C$0.085 on its Class B Non-Voting Participating Shares and C$0.084792 on its Class A Participating Shares, payable on each of June 27, July 30 and August 29, 2013 to holders of record at the close of business on June 14, July 15 and August 15, 2013, respectively.

by RTTNews Staff Writer

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