Cogeco Inc. Announces Strong Profit Growth and Rise in Internet Subscribers

Thursday, 11 July 2024, 21:43

Cogeco Inc. has reported a significant increase in profit, reaching $19 million in the third quarter, a substantial improvement from the previous year's loss of $34.5 million. The company's revenue has also seen growth, totaling $777.2 million compared to $767 million. This surge in profit was driven by the expanding base of internet subscribers.

Westernwheel — Cogeco Inc. Announces Strong Profit Growth and Rise in Internet Subscribers

Cogeco Inc. Reports Profit Surge

Montreal - Cogeco Inc. reported a profit attributable to shareholders of $19.0 million for its third quarter, a remarkable uptick from the previous year.

Revenue Increase

The company witnessed a rise in revenue to $777.2 million.

Internet Subscriber Growth

The surge in profit is attributed to the growth in the number of internet subscribers.

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