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General

Shaw reports better profit despite lower revenues in Q3

Monday 13 July 2020 | 11:09 CET | News
Canadian operator Shaw Communications said revenues for its fiscal third quarter to end May slid 0.8 percent year-on-year to CAD 1.31 billion but that the adjusted EBITDA rose 15.3 percent to CAD 609 million. Removing the USD 38 million impact from IFRS 16, the adjusted EBITDA went 8.1 percent higher. The company said earlier that it expected to reported adjusted EBITDA growth for fiscal 2020, even despite the effects of the covid-19 pandemic. 

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Categories: General
Companies: Freedom Mobile / Shaw Communications
Countries: Canada
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