Telus Corp (TSE:T) has released an update.
Telus Corp has reported a slight decline in operating revenues, down from CAD 4,925 million in Q1 2023 to CAD 4,866 million in Q1 2024, with a more notable drop in net income from CAD 224 million to CAD 140 million for the same periods. The comprehensive income has seen a marginal increase from CAD 226 million to CAD 259 million year-over-year. Despite increased financing costs and lower earnings per share, from CAD 0.15 to CAD 0.09, the company’s comprehensive income has grown, suggesting resilience in its broader financial performance.
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