Cogeco’s Q2 2021 revenues up, profit down slightly

MONTREAL — Cogeco Inc. last night released its financial results for the second quarter of 2021, reporting its overall revenue increased by 6.9% to reach $653.2 million for the three months ended February 28, 2021, compared to the same quarter of 2020. Looking at which aspects of the company’s business enjoyed revenue increases in Q2 2021, Cogeco’s Canadian broadband services revenue increased by 10.1% “as a result of the DERYtelecom acquisition completed on December 14, 2020, the cumulative effect of sustained demand for residential high speed Internet since the beginning of the pandemic, and rate increases implemented for certain services,...