Rogers' profits swell 20% in second quarter

TORONTO – Times are very good for Ted Rogers and company and its shareholders. Profits are swelling, the dividend is increasing, and customers are growing to all aspects of the business, except for basic cable. Rogers Communications Inc.’s consolidated operating profits grew by 20% in the second quarter of 2007, the company announced today. In the three months ending June 30, adjusted operating profits were $898 million, compared with $746 million in the same quarter in 2006. Consolidated operating revenue rose 16% in Q2 of 2007 to more than $2.5 billion. The board of directors also more than tripled the...