(Source: Datamonitor)
Rogers Communications has reported a net income of $309 million, or $0.40 per diluted share, for the first quarter ended March 31, 2009, a decline of 10% compared to a net income of $344 million, or $0.42 per diluted share, for the same period in 2008.
The company's operating revenue for the first quarter of 2009 was $2.75 billion, an increase of 5% compared to $2.61 billion for the same period in 2008.
Nadir Mohamed, president and CEO of Rogers Communications, said: "We delivered positive subscriber trends, expanded margins, and accelerated data revenue growth at wireless, while cable further expanded margins and meaningfully grew its cash flow, and media continued to adjust its cost structure and position itself to emerge from the economic downturn with greater share and stronger ratings."
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