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General

Rogers reports lower Q1 despite more cable customers, expects no long-term effects from pandemic

Wednesday 22 April 2020 | 15:18 CET | News
Update: 23 April 2020 | 08:51 CET
Rogers Communications reported lower results for the first quarter, amid the ongoing coronavirus (covid-19) pandemic. The free cash flow was an exception, rising 14 percent from the year before to USD 462 million, with a solid liquidity position of CAD 3.8 billion. Generating strong free cash flow will remain a priority this year but apart from that, Rogers is withdrawing its full year guidance amid continuing uncertainties around the virus epidemic. In a letter to shareholders, CEO Joe Natale that the pandemic will have a short-term effect on results but not affect long-term prospects. The

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[23/04/2020 08:51- Update: added statement from CEO]


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Categories: General
Companies: Rogers Communications
Countries: Canada
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