Cogeco Communications Releases its Financial Results for the First Quarter of Fiscal 2025
- Cogeco Inc. Reported a profit attributable to shareholders of $29.8 million, down 13.7 percent from $34.5 million a year earlier, as it begins a three-year transformation program in its 2025 fiscal year.
- Revenues were $765 million, down from $776.2 million during the same quarter last year, while Cogeco Communications Inc. Reported a profit attributable to shareholders of $100.6 million, up 12.4 percent from $89.5 million during the same quarter last year.
- The board of directors declared a quarterly eligible dividend of $0.922 per share, representing an 8.0 percent increase over the prior year, and adjusted EBITDA grew by 1.7 percent over last year.
- President and CEO Frédéric Perron stated, 'High-speed internet subscriber growth remains strong in Canada and subscriber metrics are improving in the U.S.
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Leaning Left5Leaning Right2Center2Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 22%
R 22%
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