Despite uptick in revenue, Rogers’ Q3 profits tumble 28%

TORONTO - Rogers’ third quarter profits fell 28% while revenues rose slightly over the same period last year, the company announced Thursday.For the quarter ended September 30, 2014, Rogers posted net income of $332 million, down from $464 million in the third quarter of 2013, on operating revenue of $3.25 billion, which increased marginally from $3.22 billion year-over-year. Adjusted net income was $405 million, a 19% drop from $501 million last year.Rogers said that consolidated revenue increased 1% this quarter, reflecting revenue growth of 2% year-over-year in Wireless and 3% in Business Solutions, while revenue in Media was steady, and...