Bell Canada raises FY revenue outlook after strong Q2

Thursday 5 August 2010 | 16:22 CET | News
Bell Canada reported second-quarter revenues of CAD 3.792 billion, up 4.5 percent from a year earlier thanks to its acquisitions of The Source and the rest of Virgin Mobile as well as growth in mobile services. EBITDA grew 3.3 percent to CAD 1.498 billion on higher revenues, cost reductions and lower pension expenses. Net profit at parent company BCE jumped 70.5 percent to CAD 590 million, thanks to lower restructuring and other costs. Bell raised its full-year revenues outlook after the strong Q2 results. The company now expects 2-3 percent revenue growth, up from an outlook for 1-2 percent

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Categories: General
Companies: BCE / Bell Canada / The Source / Virgin Mobile
Countries: Canada
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