Post by
ckwong on Aug 02, 2024 10:30am
BCE Net Earning Up 52%
The last quarter report should show investors the effect of layoff and cost reduction. When the revenue cannot be lifted, the layoff and cost reduction help the bottom line. Look at the numbers, the operating revenue only up 1% but the net earning up 52% and the most important net earning per share up 59%.
While some suggests that dividend will be cut. With the net earning up 52%, why worry cutting the dividend?
Will the cuts hurt the future revenue? So far, it does not. Does the heated competition hurt the revenue? It has not shown. Is BCE defending the business, we have to verify by other telcos' quarterly report. If their revenue reduce, BCE is holding ground.
I have to congratulate my fellow posters who have confident in BCE. BCE is the rock in the turbulent market. TSX down 2% in the morning while BCE only down a quarter of a percent.
Good luck to all.