Cogeco's year-end results higher than projected

TORONTO - Despite a write-down in the value of its European subsidiary, Cogeco Cable presented 2009 financial year-end results that exceeded projections at its annual shareholders meeting late last week.Consolidated revenue for 2009 grew by $141 million to $1.22 million, a 13.1% increase over the previous year. Consolidated operating income before amortization was up 17.7% to $524.4 million, due mainly to growth in revenue-generating units (RGU), rate increases and recent acquisitions in Canada.However, Cogeco still recorded a net loss of $256.7 million for the year, due in large part to $383.6 million impairment loss of net of related income taxes...