Telus Profits Up 10% in Second Quarter

12:07 pm on August 5, 2005 | Category: Business, Corporate, Telephone

Vancouver based Telus Corp. (TSX:T) was able to give good news to shareholders in this morning’s announcement of second quarter financial results. Profits were an impressive C$189.5 million, up 10% from the same period last year. This amounted to earnings of $0.52 per share.

CEO, Darren Entwistle attributed the increase in profits to the company’s “consistent strategic focus on delivering wireless and data growth.”

Other positive news for Telus includes the fact that approximately 70% of their unionized workers are now ignoring the strike, which began on July 21, and have gone back to work. This, along with the positive financial results should help boost investor confidence in the company over the coming weeks.

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