Cable / Telecom News

At RCI, everything grows, including dividend. Stock splits

TORONTO – Net income tripled, revenue climbed 15%, operating profit jumped 33%, subscribers in all segments are up – these are heady days for Rogers Communications. Consolidated revenue grew to $2.35 billion in the third quarter, ended September 30th, while consolidated operating profit rose to $784 million driving operating profit margin up 460 basis points. Net income in the quarter was $154 million, up from $48.9 million in Q3 2005. For the first nine months, revenue increased 23.4% to $6.6 billion, OP went up 30.2% to $2.1 billion and net income went from $22.1 million over the first three quarters...