CALGARYShaw Communications Inc. shares were up about ten per cent Thursday as strong operational performance by its main business units offset concerns about $417 million in restructuring-related costs booked in its second quarter.
Shaws B shares were at $26.49, up $2.42 or 10.02 per cent, after the company reported it had a $164-million loss in its latest quarter, mostly because of a previously announced restructuring that will affect one-quarter of its workforce.
The companys loss, including the restructuring costs, resulted in a net loss of $164 million or 33 cents per share. A year earlier, Shaw had a net profit of $150 million or 30 cents per share.
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Read the full article at: https://www.thestar.com/business/2018/04/12/shaw-communications-reports-loss-due-to-restructuring-that-will-see-a-quarter-of-its-employees-leave.html