VANCOUVER — Telus Corp. (TSX:T) is reporting a 10.5 per cent decline in net income for the second quarter, which it says included costs related to the closure of the Black’s retail chain of photography stores. The Vancouver-based telecom giant had $341 million of net income, or 56 cents per share, in the quarter. Its adjusted net income, which excludes restructuring and other items, was $406 million or 66 cents per share. Operating revenue was up 5.1 per cent, at $3.1 billion.

ALSO ON HUFFPOST:

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Source: Huffingtonpost