Rogers net profit down 20% in Q4 to $357 million

TORONTO – Rogers reported a 20% decrease in net profits for its fourth quarter of 2013, while operating revenue dropped 1% to $3.24 billion.The company attributed the $18 million drop in operating revenue to weaker sales in its wireless and cable business. Approximately 790,000 smartphones were activated and upgraded in Q4, compared to 940,000 in the same period in 2012, which Rogers attributes in part to to the move from three- to two-year contacts and the associated pricing changes.The company’s business solutions operating revenue, at $98 million, was higher than the $88 million reported during the same period last year...