Shaw finishes with strong year

Shaw Communications Inc. reported a strong year in its fourth-quarter results Thursday with consolidated revenue for the previous 3 and 12-month periods at $1.18 billion and $4.74 billion, up 26 and 28 per cent, respectively, from the same time last year. Shaw said the improvement resulted from its broadcasting acquisition as well as price changes and growth in the company’s cable and satellite divisions. The company said its cable division grew by six per cent for each of the three and 12-month periods with revenue in its cable division at $784 million and $3.10 billion, respectively, during the three-month and annual periods. Shaw added that operating income during the quarter for its satellite division was up five per cent from the same period last year, reporting a total of $72 million before amortization. The company said its Shaw Media broadcasting division is now a key strategic asset. “The division performed extremely well this year, showcasing its leading portfolio of specialty channels and conventional programming and benefitting from the recovery in the advertising market,” CEO Brad Shaw said in a statement. The company said its Internet customers increased by 54,217 for the year to a total of 1,877,231 as of Aug. 31. Shaw’s total operating income was $476 million for the three month period and $2.03 billion for the year before amortization, showing an increase of 12 and 15 per cent, respectively, from the same periods last year.

Shaw finishes with strong year

Brief | October 20, 2011

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