BCE Q3 profit $630M as revenue rises 2.2%

BCE Inc. (TSX:BCE) reported third-quarter profit attributable to common shareholders of $630 million, or 67 cents per share, as operating revenue rose 2.2 per cent from a year ago, the Montreal-based telecommunications company said Thursday.

On an adjusted basis, BCE earned 74 cents per share for the quarter ended Sept. 30, down from 79 cents a year earlier, the Canadian Press reported. Operating revenue totalled $6.18 billion, up from $6.05 billion.

The year-earlier profit of $4.50 billion, or $4.84 per share, included the sale of BCE’s minority stake in Maple Leaf Sports and Entertainment Ltd.

Last month, BCE announced a deal to sell a 49.9 per cent stake in a new company that will own and operate its wireless towers to Quebec investment manager La Caisse for $2.45 billion, the Canadian Press said.

BCE shares were up about 1 per cent at $29.79 in morning trading on the Toronto Stock Exchange, Yahoo Finance data showed. See our morning market report.

File photo: the former Toronto Stock Exchange building in Toronto. The Canadian Press. Figures are as reported by BCE through the Canadian Press, in Canadian dollars.

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