CCR Short Takes
News | 03/30/2000 5:00 am EST
Shaw releases second-quarter results
Shaw Communications Inc says its second-quarter profit more than doubled to $71.7 million as a result of asset sales. On March 27, the company reported net earnings were 33 cents a share, compared with $30.7 million or 14 cents a share a year earlier. For the first six months of fiscal 2000, profit rose to $111.6 million from $22 million. Net income in the quarter ending Feb.29 included after-tax gains of about $68.5 million from the sale of its FiberLink unit to GT Group Telecom Inc.