Jan 12 Canada's Shaw Communications Inc
reported a 59.2 pct fall in quarterly profit on
Thursday, mainly due to a charge related to the winding down of
its investment in video streaming service Shomi.
Rogers Communications Inc and Shaw wound down
operations at their joint venture Shomi last November, and Shaw
took a C$107 million ($82 million) charge in its first quarter.
Shaw's net income fell to C$89 million, or 18 Canadian cents
per share, from C$218 million, or 43 Canadian cents per share, a
The Calgary-based company's revenue rose 15 percent to
C$1.31 billion in the quarter ended Nov. 30.
($1 = C$1.31)
(Reporting by Ahmed Farhatha in Bengaluru; Editing by Savio