Home » Uncategorized » Despite labor problems, Telus Mobility shows positive Q3 numbers
Image_45361_tmimage.jpg

Despite labor problems, Telus Mobility shows positive Q3 numbers

Despite being buffeted by serious labor problems in Q3 of the current financial year, Western Canada’s largest phone company Telus Mobility has managed to post commendable financial numbers. The company has announced its Q3 results which earmark a jump of over 20% in its profit with bottom line figures reaching $190.1 million as against $156.6 million registered in the corresponding period last year. Following this result, the company has enhanced the dividend outgo for its shareholders to 27.5% from 20% in the previous quarter.

Labor problems at Telus Mobility had begun in late July resulting in a strike, the company is claiming that good numbers have emanated from efficient handling of the turbulent phase through pooling in of external resources to sustain its services. Darren Entwistle, CEO, Telus commented, “Telus Mobility has clearly continued to execute on its profitable growth strategy and was largely unaffected by the strike.”

But all said and done, Telus’ Q3 results may have been more robust had there been no labor problems. The company is believed to have taken a hit of nearly $65 million to maintain its services during the strike period. Meanwhile, the earning per share at 53 cents is just marginally better than the market expectation of 52 cents. But compared to 43 cents per share in Q3 last year, it is showing a marked improvement.

Telus is now looking forward to expeditious end of labor dispute (the negotiation between the management and the union is believed to be in the final leg) to continue posting better results in the coming quarters. The company is expected to release its outlook for 2006 in the month of December.

About Ritwik Sinha

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.