Telus Corp profit jumps 10% on higher wireless and wireline revenues

Telus Corp. said Thursday wireless revenue rose 7.5 per cent to $1.69 billion.

Telus Corp., one of Canada\’s three top telecommunications companies, reported a ten per cent rise in quarterly profit on Thursday, helped by higher revenue from the wireless and wireline businesses.

The company, which competes with Rogers Communications Inc and BCE Inc, said wireless revenue rose 7.5 per cent to $1.69 billion.

The company said it added about 81,000 new wireless postpaid, TV and high-speed subscribers in the quarter. Telus serves about 13.7 million customers, based on its website.

Telus raised its second-quarter dividend to 42 Canadian cents per share from 40 Canadian cents it paid in the first quarter.

The company\’s net income rose to $415 million, or 68 Canadian cents per share, for that first quarter ended March 31, from $377 million, or 60 Canadian cents per share, a year earlier.

On an adjusted basis, the company earned 70 Canadian cents per share.

The Vancouver-based company\’s total operating revenue rose nearly 5 per cent to $3.03 billion.

Telus\’ shares had risen 6.5 percent in the past 12 months through their Wednesday closing of $42.02 on the Toronto Stock market.

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