You will be redirected back to your article in seconds

Shaw net income climbs 75% in Q3

Company to increase capital, equipment spending

TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems.

For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million ($35.3 million), a 75% jump on a year earlier.

Canada’s No. 2 cabler, with 2.1 million basic and 587,000 digital subs in Western Canada, Shaw is also in the satcasting and digital Internet businesses. In the spring, it launched a digital phone division.

“Customer growth was positive, which reflects the strengthening of our bundled products, particularly with Shaw’s entry into the triple-play market of video, data and voice and the continued rollout of service enhancements across all product lines and services,” said CEO Jim Shaw.

He said the company is on track to meet its 2005 free cash flow guidance of $220 million-$232 million.

Revenue for third quarter was $456 million, up 5.2%. Cable revenue climbed 7% to $330 million and satellite was up 1% to $110 million.

Shaw also noted that the company plans to increase its capital and equipment spending to about $440 million next year as it upgrades its infrastructure and continues to roll out new services.

More TV

  • HBO Renews 'High Maintenance' and 'Crashing'

    HBO Renews 'High Maintenance' and 'Crashing' for Season 3

    TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems. For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million […]

  • Michael O'Neill

    TV News Roundup: 'Scandal' Books Michael O'Neill in Recurring Guest Role

    TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems. For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million […]

  • Damon Wayans Jr

    Damon Wayans Jr. Lands Lead Role in CBS Comedy Pilot From Austen Earl, Tim McAuliffe

    TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems. For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million […]

  • Superstore

    'Superstore' Renewed for Season 4 at NBC

    TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems. For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million […]

  • SXSW 2018 Highlights: Visit the 'Westworld'

    SXSW 2018 Highlights: Visit the 'Westworld' Theme Park, 'Shameless' Bar

    TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems. For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million […]

  • AMERICA'S GOT TALENT -- "Live Show

    'America's Got Talent' Judging Panel, Tyra Banks Set to Return for Season 13

    TORONTO — Cabler Shaw Communications announced a significant bottom-line improvement for its fiscal third quarter thanks to price increases and customer growth in all of its businesses, as well as the integration of the operations of cabler Monarch Cable Systems. For the quarter ended May 31, Calgary-based Shaw posted a net income of C$43.3 million […]

More From Our Brands

Access exclusive content