Rogers (NYSE: ROG ) Posts 6.5 per cent jump helped by postpaid wireless Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 27, 2011) Clearlease.com Reports Rogers (NYSE: ROG ), Canada’s largest wireless company, posted a 6.5 percent jump in adjusted profit on Tuesday April 26, helped by solid growth in its lucrative postpaid wireless business.
The Toronto-based cable-TV and telecoms company had adjusted net income of C$423 million ($445 million), or 76 Canadian cents a share, in the three months to March 31, up from C$397 million, or 67 Canadian cents a share, a year ago.
Analysts had, on average, expected adjusted earnings of 72 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Its non-adjusted net income dipped 9 percent to C$335 million, or 60 Canadian cents a share, due to higher financing and acquisition costs.
Revenue rose 4 percent to C$2.99 billion, in line with analyst estimates.
The company added 45,000 net postpaid wireless subscribers, at the high end of a range expected by analysts.
It added 35,000 net wireless subscribers — meaning it lost 10,000 prepaid customers — and 15,000 cable-based customers for its television, Internet and landline telephone products.
Postpaid customers, who pay their bills on a monthly basis and often sign up for multiyear contracts, are seen as more lucrative than prepaid customers, who pay in advance for a preset amount of service.
Rogers has seen its leadership position in wireless eroded since main rivals Telus and BCE’s Bell Canada built a shared network upgrade, and new entrants such as Globalive’s Wind Mobile and Mobilicity courted budget-conscious callers with aggressive talk and text pricing.
Rogers’ average wireless customer paid C$59.91 a month, down from C$61.72 in the previous quarter and C$62.02 a year earlier, while data revenue grew 30 percent.
The company also owns major publishing and media businesses, as well as the Toronto Blue Jays baseball team.
Rogers shares closed 1.1 percent higher at C$34.74 on the Toronto Stock Exchange before the earnings were released.
($1=$0.95 Canadian)
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.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
VANCOUVER, BRITISH COLUMBIA – (April 26, 2011) Clearlease.com Reports Rogers (NYSE: ROG ), Canada’s largest wireless company, posted a 6.5 percent jump in adjusted profit on Tuesday April 26, helped by solid growth in its lucrative postpaid wireless business.
The Toronto-based cable-TV and telecoms company had adjusted net income of C$423 million ($445 million), or 76 Canadian cents a share, in the three months to March 31, up from C$397 million, or 67 Canadian cents a share, a year ago.
Analysts had, on average, expected adjusted earnings of 72 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Its non-adjusted net income dipped 9 percent to C$335 million, or 60 Canadian cents a share, due to higher financing and acquisition costs.
Revenue rose 4 percent to C$2.99 billion, in line with analyst estimates.
The company added 45,000 net postpaid wireless subscribers, at the high end of a range expected by analysts.
It added 35,000 net wireless subscribers — meaning it lost 10,000 prepaid customers — and 15,000 cable-based customers for its television, Internet and landline telephone products.
Postpaid customers, who pay their bills on a monthly basis and often sign up for multiyear contracts, are seen as more lucrative than prepaid customers, who pay in advance for a preset amount of service.
Rogers has seen its leadership position in wireless eroded since main rivals Telus and BCE’s Bell Canada built a shared network upgrade, and new entrants such as Globalive’s Wind Mobile and Mobilicity courted budget-conscious callers with aggressive talk and text pricing.
Rogers’ average wireless customer paid C$59.91 a month, down from C$61.72 in the previous quarter and C$62.02 a year earlier, while data revenue grew 30 percent.
The company also owns major publishing and media businesses, as well as the Toronto Blue Jays baseball team.
Rogers shares closed 1.1 percent higher at C$34.74 on the Toronto Stock Exchange before the earnings were released.
($1=$0.95 Canadian)
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.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug
Rogers (NYSE: ROG ) Posts 6.5 per cent jump helped by postpaid wireless Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 27, 2011) Clearlease.com Reports Rogers (NYSE: ROG ), Canada’s largest wireless company, posted a 6.5 percent jump in adjusted profit on Tuesday April 26, helped by solid growth in its lucrative postpaid wireless business.
The Toronto-based cable-TV and telecoms company had adjusted net income of C$423 million ($445 million), or 76 Canadian cents a share, in the three months to March 31, up from C$397 million, or 67 Canadian cents a share, a year ago.
Analysts had, on average, expected adjusted earnings of 72 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Its non-adjusted net income dipped 9 percent to C$335 million, or 60 Canadian cents a share, due to higher financing and acquisition costs.
Revenue rose 4 percent to C$2.99 billion, in line with analyst estimates.
The company added 45,000 net postpaid wireless subscribers, at the high end of a range expected by analysts.
It added 35,000 net wireless subscribers — meaning it lost 10,000 prepaid customers — and 15,000 cable-based customers for its television, Internet and landline telephone products.
Postpaid customers, who pay their bills on a monthly basis and often sign up for multiyear contracts, are seen as more lucrative than prepaid customers, who pay in advance for a preset amount of service.
Rogers has seen its leadership position in wireless eroded since main rivals Telus and BCE’s Bell Canada built a shared network upgrade, and new entrants such as Globalive’s Wind Mobile and Mobilicity courted budget-conscious callers with aggressive talk and text pricing.
Rogers’ average wireless customer paid C$59.91 a month, down from C$61.72 in the previous quarter and C$62.02 a year earlier, while data revenue grew 30 percent.
The company also owns major publishing and media businesses, as well as the Toronto Blue Jays baseball team.
Rogers shares closed 1.1 percent higher at C$34.74 on the Toronto Stock Exchange before the earnings were released.
($1=$0.95 Canadian)
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.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://www.youtube.com/watch?v=tfX_T9BpIug