TORONTO — Rogers Communications Inc. reported a third-quarter profit attributable to shareholders of $5.75 billion, boosted by one-time non-cash gain related to its acquisition of BCE Inc.’s stake in Maple Leaf Sports & Entertainment to become the majority owner of the company earlier this year.
The company, which also owns the Toronto Blue Jays, says the profit amounted to $10.62 per share for the quarter ended Sept. 30 compared with $526 million or 98 cents per share a year earlier.
On an adjusted basis, which excluded a $5-billion gain related to the MLSE deal, Rogers says it earned $740 million attributable to shareholders or $1.37 per share in its most recent quarter, down from $762 million or $1.42 per share a year ago.
Revenue totalled $5.35 billion in the quarter, up from $5.13