Q3 revenues up, profits down at Quebecor

MONTREAL – Despite an uptick in revenues, Quebecor saw third quarter profits fall by $93.4 million due in part to restructuring of its operations.For the period ended September 30, 2016, the company posted a net loss attributable to shareholders of $8.3 million, compared with net income attributable to shareholders of $85.1 million last year, including the $119.6 million unfavourable impact of losses and gains on embedded derivatives related to convertible debentures.Revenues increased 2.4% to $998.3 million from $974.5 million last year, though adjusted operating income dipped 0.4% to $389.8 million, which included a $10.7 million unfavourable variance in the consolidated...