Newspaper article The Canadian Press

Cogeco Earnings, Revenues Up Slightly in First Quarter

Newspaper article The Canadian Press

Cogeco Earnings, Revenues Up Slightly in First Quarter

Article excerpt

Cogeco reports earnings gains in Q1

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MONTREAL - Cogeco Communications (TSX:CCA) reported slightly increased earnings and revenues in its first quarter, largely due to the growth of internet services in the country.

The Montreal-based company said after markets closed Wednesday that earnings in the first quarter were $76.5 million, or $1.55 per share, up from $75 million, or $1.53 per share, in the same period last year.

Revenues increased by $4.5 million, or 0.8 per cent, to $553.6 million, primarily driven by growth of 3.2 per cent in the Canadian broadband segment.

That growth was partially offset by revenue declines of 1.4 per cent in the broadband sector in the United States and by 4.5 per cent in the information technology and telecommunications sector. …

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