VANCOUVER — Telus Corp. (TSX:T) is reporting a 10.5 per cent decline in net income for the second quarter, which it says included costs related to the closure of the Black's retail chain of photography stores.
The Vancouver-based telecom giant had $341 million of net income, or 56 cents per share, in the quarter.
Its adjusted net income, which excludes restructuring and other items, was $406 million or 66 cents per share. Operating revenue was up 5.1 per cent, at $3.1 billion.
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