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Cogeco Cable, parent, both report higher Q2 revenue, but profit drops

2015-04-09 08:15:52| Telecom - Topix.net

Cogeco Cable Inc. and its parent, Cogeco Inc. , have both reported increases in revenue in the second quarter, but say net profits declined as a result of depreciation and other expenses. Montreal-based Cogeco Cable, which provides television, Internet and telephone services to customers in Quebec, Ontario and parts of the United States, reported after markets closed Wednesday that net profit fell to $58.9 million or $1.19 per diluted share from $60.4 million or $1.23 per share in the same 2014 period.

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Category:Telecommunications

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