BCE says focused on cost management as Q2 revenue dips
By The Canadian Press on August 1, 2024.
TORONTO – BCE Inc. says its earnings rose in the second quarter as it focused on cost management in a highly competitive environment, while adjusted earnings dipped. The telecoms giant says earnings attributable to shareholders came in at $537 million, up from $329 million in the same quarter last year. Earnings worked out to 59 cents a share for the quarter ending June 30, up from 37 cents a share last year. The rise in profits came even as operating revenue of $6.01 billion was down slightly from $6.07 billion last year. Bell says the increased profits were due to lower other expenses, including lower buying obligations, severance and acquisition costs. The company says adjusted earnings were $712 million, or 78 cents per share, down slightly from $722 million, or 79 cents per share last year. This report by The Canadian Press was first published August 1, 2024. Companies in this story: (TSX:BCE) 9-8
