Reuters: Technology News: Shaw posts higher profit, raises cash-flow forecast

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Shaw posts higher profit, raises cash-flow forecast Jun 28th 2013, 12:51 Tweet Share this Email Print Analysis & Opinion Biocon chief Kiran Mazumdar-Shaw among Asia-Pacific's biggest givers Flags fly over the Shaw Communications corporate headquarters in Calgary, Alberta May 3, 2010. Credit: Reuters/Todd Korol Fri Jun 28, 2013 8:51am EDT (Reuters) - Canada's Shaw Communications reported a small rise in fourth-quarter profit, driven by higher cable rates and the company raised its 2013 cash-flow forecast. Net income rose to C$250 million, or 52 Canadian cents per share, from C$248 million, or 53 Canadian cents per share, a year earlier. Shaw, the dominant cable company in Western Canada, had more number of shares outstanding in the fourth quarter than a year earlier. The company raised its 2013 cash-flow forecast to C$590 to C$600 million from C$550 million. (Reporting by Krithika Krishnamurthy in Bangalore) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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