Wireless gains fail to shore up Q2 profits at Rogers

By Lesley Hunter

TORONTO – Despite an uptick in revenue, Rogers Communications saw its second quarter profits fall 10% amidst on-going losses of cable and home-phone customers.Rogers said Thursday that operating revenue for the period ended June 30, 2015 totalled $3.40 billion, up 6% from $3.21 billion year-over-year, while net income was $363 million, down from $405 million. On an adjusted basis, net income fell to $412 million from $432 million in the second quarter of 2014.Consolidated revenue increased 6% this quarter, reflecting revenue growth of 6% in Wireless and 23% in Media, though was virtually flat in its Cable and Business Solutions divisions....