Cogeco Communications Inc. Releases Its Results for the Second Quarter of Fiscal 2017
- Revenue increased by $9.4 million, or 1.7% to reach $560.9 million; - Adjusted EBITDA(1) increased by $5.5 million, or 2.2%, to reach $253.8 million; - Free cash flow(1) amounted to $116.8 million, an increase of $42.1 million; and - A quarterly eligible dividend of $0.43 per share was declared.
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 04/06/17 -- Today, Cogeco Communications Inc. (TSX: CCA) ("Cogeco Communications" or the "Corporation") announced its financial results for the second quarter ended February 28, 2017, in accordance with International Financial Reporting Standards ("IFRS").
For the second quarter of fiscal 2017:
For the six-month period ended February 28, 2017:
"Overall, results for Cogeco Communications Inc.'s second quarter of our fiscal year 2017 are satisfying," declared Louis Audet, President and Chief Executive Officer of Cogeco Communications Inc. "We remain pleased with the results of our Canadian broadband services subsidiary, especially given the competitive conditions in the Canadian broadband market and the maturity of this industry."
"Our American broadband services subsidiary, Atlantic Broadband, remains a solid performer," added M. Audet. "We are satisfied with results in fiscal 2017 so far, which are in line with our expectations."
"With our Business ICT services subsidiary, Cogeco Peer 1, we continue to focus on improvements and generating positive results," stated Mr. Audet. "We are implementing thorough action plans for each of our geographic regions and our continued focus on controlling our costs and capital expenditures has resulted in meaningful free cash flow."
ABOUT COGECO COMMUNICATIONS
Cogeco Communications Inc. is a communications corporation. It is the 8th largest cable operator in North America, operating in Canada under the Cogeco Connexion name in Quebec and Ontario, and in the United States under the Atlantic Broadband name in western Pennsylvania, south Florida, Maryland/Delaware, South Carolina and eastern Connecticut. Cogeco Communications Inc. provides its residential and business customers with video, Internet and telephony services through its two-way broadband fibre networks. Through its subsidiary Cogeco Peer 1, Cogeco Communications Inc. provides its business customers with a suite of information technology services (colocation, network connectivity, hosting, cloud and managed services), through its 16 data centres, extensive FastFiber Network® and more than 50 points of presence in North America and Europe. Cogeco Communications Inc.'s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA).
FINANCIAL HIGHLIGHTS
Contacts:
Source:
Cogeco Communications Inc.
Patrice Ouimet
Senior Vice President and Chief Financial Officer
514-764-4700
Information:
Media
Rene Guimond
Senior Vice-President, Public Affairs and
Communications
514-764-4700
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Unternehmensinformation / Kurzprofil:
Datum: 06.04.2017 - 22:14 Uhr
Sprache: Deutsch
News-ID 535071
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Music & Radio
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