Shaw Communications Inc.

10:19 AM EST - Shaw Communications Inc. : Announced consolidated financial and operating results for the quarter ended August 31, 2020, including the impact of adopting IFRS 16, Leases (IFRS 16). Consolidated revenue was comparable year-over-year at $1.35 billion and adjusted EBITDA increased 11.2% year-over-year to $594 million. Fiscal 2020 consolidated revenue increased by 1.3% to $5.41 billion and adjusted EBITDA increased 11.0% year-over-year to $2.39 billion. Removing the $40 million impact from IFRS 16 in the fourth quarter and $158 million for the full-year period, adjusted EBITDA increased approximately 3.7% for both the fourth quarter and the twelve-month period. Shaw Communications Inc. shares T.SJR.B are trading down $0.48 at $21.81.