May 10, 2018 / 11:10 AM / 4 months ago

Canada's Telus Corp reports 2.4 pct drop in quarterly profit

May 10 (Reuters) - Canadian telecom provider Telus Corp reported a 2.4 percent drop in quarterly profit on Thursday, hurt by higher operating expenses.

Telus’s net income fell to C$412 million ($322.45 million), or 69 Canadian cents per share, in the first quarter ended March 31, from C$422 million, or 70 Canadian cents per share, a year earlier.

Operating revenue rose to C$3.38 billion from C$3.18 billion. ($1 = 1.2777 Canadian dollars) (Reporting by Ahmed Farhatha in Bengaluru)

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