Cable & Telecom

Revenue up, profit down at Shaw

CALGARY – Shaw Communications second quarter revenue came in at $1.34 billion and at $2.73 billion for the first half of the fiscal year, which are increases of 5% and 3%, respectively, the company announced this morning.Total operating income before restructuring costs and amortization of $557 million improved 5% over the comparable quarter while the year-to-date amount of $1.16 billion improved 2% over the prior year. The company’s Q2 and first half ended February 28.Chief Executive Officer, Brad Shaw said, "The positive operating momentum continues across our businesses. We are seeing the financial and operational benefits of the restructuring we...