Friday, August 3, 2007

UPDATE 2-Costs, charges drag Telus profit down 29 pct

(Reuters) - TORONTO, Aug 3 - Telus Corp. , Canada's No.
2 phone company, said on Friday that second-quarter profit sank
29 percent as costs of a new billing system, the introduction
of wireless number portability and the failed launch of the
Amp'd Mobile service combined to hurt results.




Net earnings declined to C$253.1 million ,
or 75 Canadian cents a diluted share, from a profit of C$356.6
million, or C$1.02 a share, a year earlier.


Read more at Reuters.com Market News

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