- Shaw Communications Inc (NYSE:SJR) reported a fourth-quarter FY22 sales decline of 1.5% year-on-year, to CA$1.35 billion.
- Adjusted EBITDA for the quarter increased 1.6% to CA$624 million with an adjusted EBITDA margin of 46%.
- In Q4, it added approximately 52,900 new Wireless customers.
- Wireless ARPU decreased 0.9% from the prior year period to CA$37.08.
- Wireless postpaid churn of 1.39% improved approximately 10-basis points from Q4 2021.
- Funds flow from operations declined 5.3% to CA$487 million, and the free cash flow fell 69.2% to CA$70 million.
- Total debt of Shaw amounted to CA$5.5 billion.
- EPS was CA$0.34 versus CA$0.50 last year.
- “The Canadian and global communications sectors – both wireline and wireless – face important and rapidly escalating investment demands where ongoing investments today determine our competitiveness tomorrow,” said Executive Chair and CEO Brad Shaw.
- Price Action: SJR shares closed lower by 0.77% at $26.96 on the last check Tuesday.
- Photo Via Wikimedia Commons
JPMorgan’s Jamie Dimon Warns Of ‘A Lot Of Inflationary Forces’ Ahead, Predicts Higher Interest Rates
Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.
