Rogers Communications Inc. Files Annual Report to Shareholders | RCI Stock News

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    Rogers Communications Inc. (RCI) released its 2023 annual report to shareholders, including audited financial statements, MD&A, and a sustainability report. The report is available online and in print. The company will hold its Annual and Special Meeting of Shareholders in April 2024.

    The release of Rogers Communications Inc.’s audited annual consolidated financial statements and management’s discussion and analysis (MD&A) is a crucial piece of information for stakeholders. The MD&A offers a detailed examination of the financial results, providing context and management’s perspective on the year’s performance, including explanations of variances and underlying business drivers. This document is instrumental for investors as it provides insights into the company’s operational results, financial condition and future prospects.

    From a financial analysis standpoint, the inclusion of the sustainability and social impact report within the annual report is a noteworthy development. It signifies an increasing trend among corporations to integrate environmental, social and governance (ESG) factors into their core business strategy. This may influence investors who prioritize ESG considerations in their investment decisions, potentially impacting the company’s stock valuation.

    Long-term implications include the potential for improved risk management and corporate reputation, as companies that effectively implement ESG practices may be better positioned to mitigate risks and capitalize on new market opportunities. However, investors should also be aware of the costs associated with these initiatives and assess whether they align with the company’s overall strategic objectives and contribute to shareholder value.

    Analyzing the impact of Rogers Communications Inc.’s annual report on the stock market requires understanding the investor sentiment and market expectations prior to the release. The stock market’s reaction to the report can be influenced by factors such as whether the financial results met, exceeded, or fell short of analyst expectations. Additionally, the market will consider the company’s forward-looking statements and guidance for the upcoming year, as these can indicate the management’s confidence in the company’s growth trajectory and potential headwinds or tailwinds.

    It is also important to consider the competitive landscape within the telecommunications industry. Rogers’ performance should be evaluated in the context of its peers, as relative performance can shift market share and investor preference. Any significant deviations from industry norms, particularly in key performance indicators like subscriber growth, average revenue per user (ARPU) and capital expenditures, could lead to stock price volatility.

    Lastly, the market will likely scrutinize the sustainability and social impact report for insights into how Rogers is addressing industry-specific challenges such as digital inclusion, privacy and cybersecurity. These issues are increasingly important to consumers and regulators and thus, have a growing impact on business strategy and investor perceptions.

    Includes Annual Financial Statements, MD&A and 2023 Sustainability and Social Impact Report

    TORONTO, March 05, 2024 (GLOBE NEWSWIRE) — Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) (“Rogers”) today announced the filing with securities regulators in Canada and the U.S. of its 2023 annual report to shareholders.

    The annual report to shareholders includes Rogers’ 2023 audited annual consolidated financial statements and the accompanying management’s discussion and analysis. Rogers’ 2023 sustainability and social impact report has also been included in the annual report to shareholders for the first time.

    Rogers’ 2023 annual report to shareholders is available under the Rogers Communications Inc. profile on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and on the Investor Relations section of Rogers’ website at https://investors.rogers.com/financials/financial-reports/.

    A paper copy of the report may also be requested at no charge, by contacting us at investor.relations@rci.rogers.com, at 647-435-6470, or toll free at 1-844-801-4792.

    Rogers Communications Inc. will hold its Annual and Special Meeting of Shareholders at 11:00am ET on Wednesday, April 24, 2024, as an in-person and online (hybrid) meeting, at 333 Bloor Street East, Toronto Ontario and online via webcast. Further details can be found at investors.rogers.com/corporate-governance/agm-materials.

    About Rogers Communications Inc:
    Rogers is Canada’s leading wireless, cable and media company that provides connectivity and entertainment to Canadian consumers and businesses across the country. RCI’s shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and the New York Stock Exchange (NYSE: RCI).

    For further information:
    Investor Relations
    1-844-801-4792
    investor.relations@rci.rogers.com


    You can find Rogers Communications Inc.’s 2023 annual report on SEDAR+, EDGAR, and the Investor Relations section of Rogers’ website.

    The report includes audited financial statements, management’s discussion and analysis (MD&A), and a sustainability and social impact report.

    The meeting will take place at 11:00am ET on Wednesday, April 24, 2024, as an in-person and online (hybrid) meeting.

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    Toronto

    About RCI

    as a proud canadian company, we’re dedicated to making things easier for our customers. since 1960, millions of canadians have first experienced new ways of living and working through rogers: fm radio, cable television, high-speed internet, wireless phone calls, wireless lte internet, and more. by connecting canadians from coast to coast with the latest technology, we’re helping to build a better tomorrow. we make sure our customers stay connected, informed, and inspired with our advanced networks, content-rich media brands, and technologically advanced communications services. from home monitoring to publishing and sports, our diverse portfolio of brands, products and services set us apart as canada’s most dynamic media and communications company.

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