Cogeco Q2 revenue up 32.7% on ABB and Peer 1 additions, but profit drops

MONTREAL – Cogeco Inc. reports that second quarter revenue increased by 32.7% to $458.5 million, and by 19.3% in the first six months to reach $825.1 million. Earnings from continuing operations for the quarter that ended February 28 were $58.5 million compared to $31.1 million a year earlier. It mostly attributes the increase for the quarter to the operating income from the recent acquisitions of ABB and Peer 1. If the two acquisitions are not factored in, profit dropped by about $25 million in the quarter to $56.5 million compared to $81.5 million for the same period of the previous...