Cogeco’s American broadband services drive Q2 profits, revenues

MetroCast acquisition “progressing according to plan”MONTREAL – Cogeco Communications said that deferred income taxes related to U.S. tax reforms helped to power a jump in profits for its second quarter ended February 28, 2018.Profits of $141.8 million, of which $138.9 million was attributable to the owners of the Corporation, skyrocketed 84.9% from the $76.7 million posted in the comparable period of fiscal 2017. The company said late Thursday that this was mainly as a result of the $89 million (US$70 million) reduction in deferred income taxes related to the recent U.S. tax reform and the improvement of adjusted EBITDA, partly...