Bell Aliant sees increase in profit, decrease in revenue in second quarter of 2011
Atlantic Canada's Bell Aliant has hared its second quarter financial results, in which it managed to earn higher profit despite a modest drop in revenues.
The Halifax-based telco raked in a net profit of $83 million while operating revenues fell from $700 to $693 million from last year's quarter.
The Nova Scotia company says that local and long distance phone call revenues are on the decline, but climbing television and internet revenues have largely negated this downward trend. In fact, Bell Aliant has upped its full-year revenue predictions from $2.65 billon to $2.78 billion, saying that expectations thus far have been consistently exceeded.
