Cogeco Q1 revenue flat but EBITDA, cash flow, rises

MONTREAL – Cogeco Inc.'s revenue remained essentially the same at $583.1 million in the first quarter of its fiscal year, ended November 30th 2016, compared to $582.9 million in Q1 2015, the company said in a release Wednesday evening.Adjusted EBITDA increased by 2.4%, to reach $261.3 million compared to the same period of fiscal 2016 as a result of the improvement in its Communications segment.Profit for the period amounted to $82 million, compared to $66.8 million for the first quarter of fiscal 2016. The increase is mainly due to the improvement of adjusted EBITDA combined with the decrease in depreciation and...