Cogeco Cable’s revenues up 5% in fiscal 4Q

1 Nov 2010

Montreal-based Cogeco Inc, which operates triple-play cable businesses in Canada and Portugal via its Cogeco Cable division, has posted its results for its fiscal fourth quarter ended August 2010. Cogeco Cable’s net income in the three-month period dropped to CAD39.7 million (USD38.9 million), down from CAD44.7 million in the year-ago quarter, whilst cable revenues across the two countries of operation rose by 5% year-on-year to CAD324.3 million. Sales were boosted by triple-play subscriber growth, whilst bottom line performance was above analyst expectations due to cost controls.

Canada, Cogeco Connexion, Nowo (formerly Cabovisao)