Cogeco raises outlook after strong Q4

MONTREAL – Driven primarily by a growing cable division, Cogeco Inc. saw revenue increase by 21.4% to $199.3 million in the fourth quarter of 2006, ended August 31st. Net income in the quarter came in at $10.3 million in the quarter, as compared to $630,000 in the same quarter of 2005. For the full fiscal year, net income was $23.1 million, while 2005 saw a net loss of $19.8 million With the acquisition of Portugal's Cabovisao as a contributing factor, the number of Cogeco revenue-generating units jumped from about 1,348,000 at the beginning of the fiscal year to approximately 2,185,000...