Shaw Communications Q4 Profit Up - Quick Facts

(RTTNews) - Canadian communications and media company Shaw Communications, Inc. (SJR, SJR.B.TO) reported a 64.1% growth in fourth-quarter net income to C$192 million, or C$0.40 a share, from C$117 million, or C$0.24 a share, last year.

Consolidated revenue for the three-month period was C$1.26 billion, compared with last year's C$1.25 billion, an increase of 1.4%.

The company said in a statement, "Looking forward to fiscal 2015, we expect growth in consolidated operating income before restructuring costs and amortization to range from 5% to 7% with the inclusion of ViaWest which we expect to contribute approximately US$85 million. We anticipate increased capital investment (excluding amounts funded through the accelerated capital fund) as we continue to enhance our network, provide innovative product offerings and expand the ViaWest footprint. Combined with higher interest related to the ViaWest acquisition and increased cash taxes, free cash flow is expected to exceed $650 million."