Telus Q3 profit rises to $351 million, smartphones highlight revenue growth

12/31/1969 07:00 EST | Updated 01/09/2013 05:12 EST
VANCOUVER - Telus Corp.'s net profit was up substantially in the third quarter, as the Vancouver-based company boosted revenue from its telecom services.

One of the strongest areas of growth for Telus was a 23 per cent increase in revenue from wireless data services, due to the adoption of smart phones.

Telus (TSX:T) says its net income rose eight per cent to $351 million or $1.08 per share.

Overall revenue was up 5.8 per cent to nearly $2.8 billion, up about $200 million from just over $2.6 billion in the third quarter of 2011.

Overall wireless revenue was up seven per cent from a year ago, rising by $104 million to $1.5 billion.

Revenue from the wireline business that includes its the company's legacy residential phone service grew by $48 million or four per cent to $1.27 billion.