“Strength of business” drives up profits at Shaw

CALGARY – Shaw Communications ended the fiscal year on a high note Thursday, after posting double digit profits for both the fourth quarter and annual period ended August 31, 2014.Net income jumped 64% to $192 million for the quarter and rose 13% to $887 million for the 2014 fiscal year. The company said that the current periods benefitted from higher operating income before amortization and restructuring costs, lower amortization and interest expense and improved net other costs and revenue, partially offset by higher income taxes. On an annual basis, the impact of the aforementioned items was partially reduced by restructuring...