Dominion Lending Centres Clearlease Reports Manitoba Telecom (TSX:MBT) boosts Q1 profit by 58 per cent to $43.4 million
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Manitoba Telecom Services (TSX:MBT) increased its profit by 58 per cent to $43.4 million in its first quarter, helped by its wireless and broadband services.
Earnings per share was 67 cents, compared with 42 cents during the same quarter in 2010. But operating revenues were down slightly to $439.3 million from $442 million.
“Our first quarter results across the company were strong and demonstrate that our strategy is working,” said chief executive Pierre Blouin in a news release.
“We are focused on driving growth in wireless, IP television, broadband and IP-based services; increasing high-margin on-net sales at Allstream through the expansion of our fibre network and continuing our cost reductions,” Blouin said.
Revenue for the MTS division that provides mobile phone, Internet-Protocol TV, Internet and residential phone services was $235 million versus $228 in the same period last year.
Wireless revenues were up 9.7 per cent to $84 million mainly due to high data usage. Revenues for services such as Internet protocol television and Internet services were up 7.2 per cent to $47.7 million.
MTS said its had 483,722 wireless subscribers, up more than five per cent in the quarter. Average revenue per user was $57.73, up 3.6 per cent.
The Allstream unit which provides corporate telecom services had total revenues of $204.7 million, down 4.5 per cent from the same quarter last year.
But revenues from Internet-protocol based services to businesses were up 7.9 per cent to $57.5 million due to winning service contracts with new clients.
“This solid increase in IP sales activity continued into 2011, supporting sales levels that are expected to result in double-digit revenue growth in 2011,” the company said.
Long-distance and legacy data services at Allstream dropped 10 per cent to $56.1 million in the quarter.
Desjardins Financial analyst Maher Yaghi said the results for MTS were in line with his expectations.
“We continue to believe that the MTS division is of higher importance than Allstream given its greater contribution to profitability,” Yaghi wrote in a research note.
“The Allstream business does appear to be a turning a corner following a tough period for the company during the recession,” he said.
Yaghi noted that subscribers numbers were in line to slightly weaker than anticipated for MTS.
Shares in Manitoba Telecom Services were up 29 cents at $31.11 in trading on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Manitoba Telecom Services (TSX:MBT) increased its profit by 58 per cent to $43.4 million in its first quarter, helped by its wireless and broadband services.
Earnings per share was 67 cents, compared with 42 cents during the same quarter in 2010. But operating revenues were down slightly to $439.3 million from $442 million.
“Our first quarter results across the company were strong and demonstrate that our strategy is working,” said chief executive Pierre Blouin in a news release.
“We are focused on driving growth in wireless, IP television, broadband and IP-based services; increasing high-margin on-net sales at Allstream through the expansion of our fibre network and continuing our cost reductions,” Blouin said.
Revenue for the MTS division that provides mobile phone, Internet-Protocol TV, Internet and residential phone services was $235 million versus $228 in the same period last year.
Wireless revenues were up 9.7 per cent to $84 million mainly due to high data usage. Revenues for services such as Internet protocol television and Internet services were up 7.2 per cent to $47.7 million.
MTS said its had 483,722 wireless subscribers, up more than five per cent in the quarter. Average revenue per user was $57.73, up 3.6 per cent.
The Allstream unit which provides corporate telecom services had total revenues of $204.7 million, down 4.5 per cent from the same quarter last year.
But revenues from Internet-protocol based services to businesses were up 7.9 per cent to $57.5 million due to winning service contracts with new clients.
“This solid increase in IP sales activity continued into 2011, supporting sales levels that are expected to result in double-digit revenue growth in 2011,” the company said.
Long-distance and legacy data services at Allstream dropped 10 per cent to $56.1 million in the quarter.
Desjardins Financial analyst Maher Yaghi said the results for MTS were in line with his expectations.
“We continue to believe that the MTS division is of higher importance than Allstream given its greater contribution to profitability,” Yaghi wrote in a research note.
“The Allstream business does appear to be a turning a corner following a tough period for the company during the recession,” he said.
Yaghi noted that subscribers numbers were in line to slightly weaker than anticipated for MTS.
Shares in Manitoba Telecom Services were up 29 cents at $31.11 in trading on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Manitoba Telecom (TSX:MBT) boosts Q1 profit by 58 per cent to $43.4 million
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Manitoba Telecom Services (TSX:MBT) increased its profit by 58 per cent to $43.4 million in its first quarter, helped by its wireless and broadband services.
Earnings per share was 67 cents, compared with 42 cents during the same quarter in 2010. But operating revenues were down slightly to $439.3 million from $442 million.
“Our first quarter results across the company were strong and demonstrate that our strategy is working,” said chief executive Pierre Blouin in a news release.
“We are focused on driving growth in wireless, IP television, broadband and IP-based services; increasing high-margin on-net sales at Allstream through the expansion of our fibre network and continuing our cost reductions,” Blouin said.
Revenue for the MTS division that provides mobile phone, Internet-Protocol TV, Internet and residential phone services was $235 million versus $228 in the same period last year.
Wireless revenues were up 9.7 per cent to $84 million mainly due to high data usage. Revenues for services such as Internet protocol television and Internet services were up 7.2 per cent to $47.7 million.
MTS said its had 483,722 wireless subscribers, up more than five per cent in the quarter. Average revenue per user was $57.73, up 3.6 per cent.
The Allstream unit which provides corporate telecom services had total revenues of $204.7 million, down 4.5 per cent from the same quarter last year.
But revenues from Internet-protocol based services to businesses were up 7.9 per cent to $57.5 million due to winning service contracts with new clients.
“This solid increase in IP sales activity continued into 2011, supporting sales levels that are expected to result in double-digit revenue growth in 2011,” the company said.
Long-distance and legacy data services at Allstream dropped 10 per cent to $56.1 million in the quarter.
Desjardins Financial analyst Maher Yaghi said the results for MTS were in line with his expectations.
“We continue to believe that the MTS division is of higher importance than Allstream given its greater contribution to profitability,” Yaghi wrote in a research note.
“The Allstream business does appear to be a turning a corner following a tough period for the company during the recession,” he said.
Yaghi noted that subscribers numbers were in line to slightly weaker than anticipated for MTS.
Shares in Manitoba Telecom Services were up 29 cents at $31.11 in trading on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk