Canadain telecommunication company Telus, has reported total operating revenue of $2.4bn for the second quarter of 2010, an increase of 1% compared to Q2 FY09.
The company posted an operating income of $512m for the second quarter of 2010, compared to $449m of the same period last year.
For the quarter ended June 30, 2010, the company reported a net income of $296m, an increase of 21% compared to a net income of $244m for the same quarter a year ago. Diluted EPS was up by 19.5% to $0.92 from $0.77 of the same period last year.
Free cash flow of $241m increased by 67% from a year ago, primarily due to capital expenditures being $160m lower, which was partially offset by cash income tax payments being $50m higher, Telus said.
Darren Entwistle, president and CEO of TELUS, said: "Our second quarter results demonstrate that our major strategic investments in broadband networks and operating efficiency are driving improved growth in wireless and data revenues, 25% growth in underlying earnings per share and 67% growth in free cash flow.
"Wireless operational performance was robust this quarter with excellent customer net additions up 12% to 124,000, combined with a continued improving trend in monthly revenue per subscriber – down modestly at 1.9% and our lowest customer churn rate in two years."
