BCE Inc. first-quarter profit dropped to $402m due to higher job cut costs and derivatives losses.
BCE Inc. reported a drop in first-quarter profit, which it attributed to higher costs related to job cuts and increased net mark-to-market losses on derivatives. The company's profit attributable to common shareholders fell to $402 million (44 cents per share), from $725 million (79 cents per share) in the same quarter last year. Operating revenue also decreased to $6.01 billion, from $6.05 billion in Q1 2023.
May 02, 2024
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