Earnings: Rogers Q2 '11 Profit Slipped, Earnings Up

BY: 

Dave Forde
July 26, 2011

Rogers reported their Q2 2011 earnings today and its profits managed to slide by 9% which is due to increased competition in the market, however results are still above expectations from analysts.

“Rogers delivered a solid performance in the second quarter both for financial and subscriber results, delivering solid growth in a highly competitive environment,” said Nadir Mohamed, President and Chief Executive Officer of Rogers Communications Inc. “The strength of our asset mix combined with successful execution on our priorities – wireless data growth, customer retention and managing our cost structure – enabled Rogers to generate continued strong margins and substantial free cash flow.”

Net income for Rogers was $410 million, or 75 cents per share, which is lower than what it reported a year ago at $452 million in profits or 77 cents per share.

Rogers Second Quarter 2001 Highlights:

  • Wireless network revenue growth of 1% versus last quarter
  • Cable Operations revenue growth of 5% versus last quarter
  • Media revenue growth of 13% versus last quarter

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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