Cogeco sees Q2 revenue, profits rise

MONTREAL – Cogeco’s nascent U.S. acquisitions helped to offset weak Canadian results for the second quarter of 2014.Revenue for the period ended February 28, 2014 increased by 13.1% ($60.0 million) to $518.5 million, driven by the cable segment, mainly as a result of the full quarter impact of the acquisition of Peer 1 Hosting, combined with favorable foreign exchange rates and organic growth from all operating units.Adjusted EBITDA increased by 13.2% ($25.8 million) to $221.6 million compared to the second quarter of fiscal 2013. Profit for the period amounted to $58.5 million, up from $49.0 million for the same period of previous...