Cogeco’s Q1 profits buoyed by MetroCast acquisition

MONTREAL - Cogeco Communications credited its purchase of U.S. cableco MetroCast for a 15.1% increase in revenues for its first quarter of fiscal 2019 ended November 30, 2018.Profit for the period dipped 3.1% to $79.1 million, of which $26.2 million was attributable to owners of the Corporation, resulting mainly from increases in depreciation and amortization, financial expense and integration, and restructuring and acquisition costs, that were partly offset by the improvement of adjusted EBITDA and a decrease in income taxes.Revenue reached $674.0 million, up from $585.7 million in the same period last year, driven by growth of 16.3% in its Communications...