Cogeco Cable Inc. Releases Its Results for the First Quarter of Fiscal 2016
- Revenue increased by $43.3 million, or 8.7%, to reach $540.3 million; - Adjusted EBITDA(1) increased by $25.3 million, or 11.6%, to reach $244.1 million compared to $218.9 million for the first quarter of fiscal 2015; and - A quarterly dividend of $0.39 per share was declared, an increase of 11.4% compared to the same period in fiscal 2015.
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 01/12/16 -- Today, Cogeco Cable Inc. (TSX: CCA) ("Cogeco Cable" or the "Corporation") announced its financial results for the first quarter ended November 30, 2015, in accordance with International Financial Reporting Standards ("IFRS").
For the first quarter of fiscal 2016:
"Overall, our results for the first quarter of the new fiscal year have been satisfactory," declared Louis Audet, President and Chief Executive Officer of Cogeco Cable Inc. "Our American cable services subsidiary, Atlantic Broadband, has successfully completed the integration of its acquisition in Connecticut and it continues to report strong results helping us consolidate our presence in the American market. Meanwhile, our Canadian cable services subsidiary continues to report satisfactory results."
"At Cogeco Peer 1, significant portions of the integration of our business units are complete," continued Mr. Audet. "Our teams continue to work diligently to build robust and competitive product portfolios as well as sales and go-to-market strategies. I am confident that the efforts we are putting into this investment now, under the guidance of the strong leadership team currently in place, will help us achieve the growth we expect from this sector."
"I would also like to share how proud I am that once again in 2015, Cogeco Cable Inc. maintained its strong position in the Globe and Mail''s annual ''Board Games'' which ranked Cogeco Cable among the top quarter of all Canadian companies.
ABOUT COGECO CABLE
Cogeco Cable Inc. is a communications corporation. It is the 11th largest cable operator in North America, operating in Canada under the Cogeco Cable Canada 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 Cable 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 Cable Inc. provides its business customers with a suite of information technology services (colocation, network connectivity, managed hosting, cloud services and managed IT services), through its 21 data centres, extensive FastFiber Network™ and more than 50 points-of-presence in North America and Europe. Cogeco Cable Inc.''s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA).
FINANCIAL HIGHLIGHTS
Contacts:
Source:
Cogeco Cable 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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Datum: 12.01.2016 - 18:07 Uhr
Sprache: Deutsch
News-ID 1408543
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