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MTS Allstream reports second-quarter 2012 results
WINNIPEG, MB, August 2, 2012 - Manitoba Telecom Services Inc. ("the Company" or "MTS Allstream"), including its two operating divisions, MTS and Allstream, today reported net earnings of $44.5 million for the three months ended June 30, 2012, compared with $49.8 million for the three months ended June 30, 2011. Earnings per share ("EPS") was $0.67 in the second quarter of 2012, up 4.7% after adjusting for a one-time scientific research and experimental development ("SR&ED") tax credit recorded in the second quarter of 2011. Second-quarter results position us to meet our financial guidance ranges on all metrics.
Q2 2012 highlights:
- Consolidated EBITDA grew 1.8% to $153.5 million in Q2 2012
- Revenues from growth lines of business up 4.8%
- MTS wireless data revenues were up 24.8%, driving wireless revenues up 3.3% and year-to-date wireless ARPU up 3.9%
- MTS IPTV revenues were up 14.5% to $19.7 million; high-speed Internet revenues were up 10.2% to $28.0 million
- Allstream EBITDA grew 2.9% to $28.8 million in Q2 2012, marking the seventh straight quarter of EBITDA growth; revenue and cash flow are on plan for 2012
- Allstream added 67 buildings to its IP fibre network; fibre-fed buildings now total 2,554
- Board of Directors declares $0.425 per share Q3 2012 cash dividend
Read the complete news release (PDF, 242 KB). |
