Q3 profit drops 12% at BCE, wireless revenues jump 7.1%

MONTREAL - BCE Inc. reports profits slipped 12% in the third quarter to $569 million compared with $642 million a year earlier, but is still on track to meet the 2012 financial guidance it issued in August. It attributed the drop “mainly due to lower income tax expense in Q3 2011 from the favourable resolution of tax matters.” Revenue increased 1.8% to $4.3-billion, while operating revenue rose 1.5% to $4.98 billion. Bell EBITDA was up 5.2% in Q3 on growth of 15.2% at Bell Wireless and 92.6% at Bell Media, partly offset by a 6.2% decline at Bell Wireline. The company’s...