Cogeco Communications Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2016
January 12, 2017 at 04:49 am IST
Cogeco Communications Inc. reported unaudited consolidated earnings results for the first quarter ended November 30, 2016. For the quarter, the company reported revenue of CAD 549,090,000 compared to CAD 540,313,000 a year ago. Adjusted EBITDA was CAD 249,703,000 compared to CAD 244,142,000 a year ago. Profit for the period was CAD 75,024,000 or CAD 1.52 per diluted share compared to CAD 61,106,000 or CAD 1.24 per diluted share a year ago. Cash flow from operating activities was CAD 123,461,000 compared to CAD 96,093,000 a year ago. Acquisitions of property, plant and equipment, intangible and other assets was CAD 96,494,000 compared to CAD 146,319,000 a year ago. Acquisition of intangible and other assets was CAD 5,532,000 compared to CAD 4,897,000 a year ago. Free cash flow was CAD 101,379,000 compared to CAD 40,042,000 a year ago.