Telus Corp. reported its first-quarter profit fell amid a “dynamic” operating environment as the company says its focus remains on generating free cash flow, moderating its capital expenditures and finding other efficiencies.
The company said it earned a profit attributable to common shareholders of $136 million or nine cents per share for the quarter ended March 31. The results compared with a profit of $321 million or 21 cents per share in the same quarter last year.
On an adjusted basis, Telus earned 23 cents per share in its latest quarter compared with an adjusted profit of 26 cents per share a year earlier.
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