The Canadian PressApril 9, 2014 22:34
MONTREAL - Telecommunications and media company Cogeco Inc. (TSX:CGO) and its main subsidiary, Cogeco Cable Inc. (TSX:CCA), are both reporting increased revenue and profits in the second quarter.
Cogeco says it made a profit of $58.5 million, or $1.03 a diluted share, up from $48.9 million, or 87 cents a diluted share, during the same quarter a year ago.
Revenue rose to $518.4 million from $458.5 million.
Meanwhile, Cogeco Cable reports a profit of $60.3 million, or $1.23 a diluted share, compared with $50.8 million, or $1.04 a diluted share, in the year-ago period