VANCOUVER – Telus Corp. reported a third-quarter profit attributable to common shareholders of $493 million, up from $280 million a year ago.

The company says the profit amounted to 32 cents per share for the quarter ended Sept. 30, up from 19 cents per share in the same quarter last year.

Telus says much of the gain compared with a year ago was due to a gain on the purchase of long-term debt.

On an adjusted basis, the company says it earned 24 cents per share in its latest quarter, down from an adjusted profit of 28 cents per share a year ago.

Operating revenue and other income totalled $5.11 billion, up from $5.10 billion in the same quarter last year.

The average analyst estimate had been for an adjusted profit of 26 cents per share, according to LSEG Data & Analytics.

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