Thursday, May 7, 2009

BCE pays ZERO TAXES for Q109.....


......$550 million less for the year than if it were an income trust

BCE reports 2009 first quarter results


BCE Inc. (TSX, NYSE: BCE), Canada's largest communications company, today reported BCE and Bell results for the first quarter of 2009. This news release contains forward-looking statements. For a description of the related risk factors and assumptions please see the section entitled "Caution Concerning Forward-Looking Statements" later in this press release

- Net earnings per share of $0.48, up 50%
- Sixth consecutive quarter of fewer YOY local line losses
- Stable revenue and EBITDA in-line with guidance
- Postpaid wireless net activations up 25%

MONTREAL, Qu├ębec, May 7 2009 -- BCE Inc. (TSX, NYSE: BCE),
Canada's largest communications company, today reported BCE and Bell results
for the first quarter of 2009.

2 comments:

Dr Mike said...

I wonder if Jim has ever read a financial statement from BCE , yes , that same BCE who was paying so much tax in 2006 that any change in it`s status to a trust structure was supposed to be a major drain on Canadian society as we knew it.

So much for that JIm as they were not paying tax then & they will not be paying tax for some time to come.

Come-on Jim , get with the program.

We cannot afford such rookie mistakes at a time like this.

Dr Mik

CAITI said...

Question from Derek DeCloet of the Globe Re: BCE pays ZERO TAXES


Subject: BCE pays ZERO TAXES for Q109, $550 million less for the year than if it were an income trust

On 5/7/09 3:06 PM, "DeCloet, Derek" wrote:

Zero taxes? That's funny. I could have sworn that the government taxes my dividends.

My response:

Correct. Which is why that has been netted out of the $550 million figure that I cited. See: http://caiti.info/resources_it_mythbusters.php#myth3