Shaw Communications reports growth

The company points to investments in programming, technology and products, combined with operational efficiencies.
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Shaw Communications reported stable fourth quarter earnings on Thursday, with net income and revenues both up.

Net income at the company was $192 million for the quarter compared to $117 million for the same period last year, representing an increase of 64%. On the year, net income was up 13% to $887 million, compared to $784 million for the same period in 2013.

Fourth quarter consolidated revenues were $1.26 billion for the three months to Aug. 31,  an increase of 1% over the same period last year. For the year, it reported consolidated revenue of $5.24 billion, representing 2% growth over the same period in 2013.

Meanwhile, operating income before restructuring costs and amortization was $525 million for the quarter and $2.26 billion for the year, representing increases of 6% and 2% respectively.

Cable revenue was up slightly at $837 million for the quarter and $3.36 billion over twelve months, improvements of 2% and 3% respectively.

Satellite revenue was virtually unchanged at $220 million for the quarter compared to $219 during the same period of the previous year.

Meanwhile, the company’s quarterly revenue in its media division was $231 million, the same as in the fourth quarter in 2013.

Thanks to the acquisition of ViaWest, a North American provider of data centre infrastructure, cloud technology and managed IT solutions, which Shaw expects to contribute US$85 million in 2015, the company expects growth in consolidated operating income before restructuring costs and amortization to range from 5% to 7%