Rogers’ wireless gains boost Q4 profits; revenue up 3%

CEO Natale “bullish” on 2018TORONTO – Rogers returned to profit in the fourth quarter of 2017, capping off what president and CEO Joe Natale described as a year of “excellent results”.On Thursday, Rogers posted profit of $419 million for the quarter ended December 31, 2017, a return to the black from the $9 million loss recorded in the same period a year ago when it took a writedown on its IPTV product before opting to proceed with Comcast’s X1 platform. Adjusted net income increased 19% to $455 million this quarter primarily due to higher adjusted operating profit and lower depreciation...