Telus continues its strong results

VANCOUVER - A six per cent increase in revenues, compared to a year ago, to $2.21 billion highlighted first quarter results from Telus. The company cited continued strong wireless and data growth as primary drivers. However, reported earnings before interest, taxes, depreciation and amortization (EBITDA) and earnings per share (EPS) were negatively impacted in the quarter by a previously announced non-recurring and non cash charge of $173.5 million associated with the introduction of a new cash settlement feature for employee share options granted prior to 2005, says the press release. The benefits of the new feature include reducing share dilution...