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Rogers reports quarterly earnings as CEO prepares to step down

The Globe and Mail

Rogers CEO Nadir Mohamed addresses shareholders and media during the company's annual general meeting Wednesday in Toronto. (Tim Fraser/Tim Fraser)

Rogers Communications reported fourth-quarter earnings Friday after announcing late Thursday that Nadir Mohamed, chief executive officer, will be stepping down.

The company discuss its fourth quarter results, which came Thursday night with an unexpected bonus for shareholders in the form of a 10-per-cent increase to the company’s dividend as its adjusted quarterly profit jumped 30 per cent to $455-million. It also said it would repurchase up to $500-million of its own shares.

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Report on Business media reporter Steve Ladurantaye and telecommunications reporter Rita Trichur reported live on the company's results. Follow a mobile-enhanced version of their updates here.

 

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Companies & investments Mentioned In This Article (1)

Company Price Change Volume
Rogers Communications
RCI.B-T
42.35 -0.54 % 557,300