Telus sees profit up 66%, helped by tax gain

Canadian carrier Telus announced a fourth-quarter 2007 net income jump of about 66 percent to just over $400 million, or $1.22 earnings per share. Company officials admitted an $18 million tax benefit helped immensely. They also touted the company's strength heading into 2008, after what they described as a turbulent year for the industry as a whole. Telus recently moved to acquire business process outsourcing firm Emergis for $743 million, and appeared to be a candidate to buy Bell Canada Enterprises last year before the Ontario Teachers Pension Plan and its private equity firm partners prevailed.

For more:
- read this story from The Canadian Press

Related article:
- Telus was Nortel's first IPTV customer Article 

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