Cable / Telecom News

Shaw ends 2013 with increases in revenue, profits

CALGARY – Shaw Communications saw a jump in both revenues and profits for its 2013 fiscal year which ended August 31, 2013. The company said Thursday that consolidated revenue for the current three and twelve month periods of $1.25 billion and $5.14 billion, respectively, were each up 3% over the comparable periods last year.  Total operating income before amortization for the quarter of $496 million was comparable to $501 million last year, and the annual period improved 4% to $2.22 billion. Net income fell 12 % to $117 million for the fourth quarter, compared to $133 million for the same...