Rogers posted its Q2 2014 results this week, and the company continued to be buoyed by strong wireless numbers, though its net income was lower than the same period a year ago.
Revenue amounted to $3.21 billion, the same as Q2 2013, while adjusted operating profit came in at $1.3 billion. Net income was $405 million, 24% lower year over year. Wireless revenue was down 1% year over year to $1.8 billion.
A few factors hindered growth this time around, especially in the wireless segment. Rogers complained that fewer existing customers are choosing to upgrade aging devices because, due to the implementation of two year contracts, handset prices have increased. While network revenue was up 4% y/y, equipment sales dropped 17% in the same period. (more…)