Telus, a telecommunications company, has reported that its third quarter 2007 results. The company reported an increase in revenue of 4.5% to $2.31 billion from last year.
Net income in the quarter was $410 million and earnings per share (EPS) were $1.24, up 28% and 32% respectively. Net income included favorable tax related adjustments of approximately $93 million or 28 cents per share, compared to $30 million or nine cents a year ago, as well as a favorable expense recovery this quarter of $4.9 million or 1% per share after tax for options with a net-cash settlement feature.
The performance was driven by 9% growth in both wireless revenue and wireline data revenue, partially offset by declines in local and long distance wireline revenues. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 3.6% to $987 million due to an increase in wireless EBITDA of 8%, while wireline EBITDA decreased by 1%.