Telus reported net income of $431-million in its third quarter, up from $257-million a year ago.

Telus Corp. T-T posted a 68-per-cent increase in net income in its third quarter following a one-time debt repurchase, and reported flat revenue as it added more internet customers than expected and grew its health business.

The Vancouver-based telecom and technology company started to moderate its dividend growth rate, as it aims to deleverage its balance sheet.

Telus posted operating revenue and other income of $5.1-billion in the quarter ended Sept. 30, flat compared to last year and meeting analyst consensus.

The company had net income of $431-million, compared to $257-million a year ago and much higher than analyst expectations of $299-million.

That increase was primarily driven by

See Full Page