MONTREAL _ BCE Inc. (TSX:BCE) reports that its profit for the second quarter was $759 million, a 25.2 per cent increase from the same time last year.
The big increase was attributed to a number of factors including taking full ownership of Bell Aliant last year and gains from the sale of a 50 per cent interest in the Glentel retail business to Rogers Communications (TSX:RCI.B).
The profit amounted to 90 cents per share of net earnings, up from 78 cents in the second quarter of 2014.
After adjustments, the Montreal-based telecommunications and media giant earned $735 million or 87 cents per share, up from $640 million or 82 cents per share.
BCE's operating revenue increased by two per cent to $5.3 billion from $5.2 billion, with the main driver coming from its wireless services.
The company says it's on track to meet financial guidance announced in February.