Péladeau says Quebecor "in very solid financial position" despite dip in Q4 profits

MONTREAL – Despite an uptick in revenues, Quebecor saw fourth quarter profits fall by $57.7 million from a year ago when it recorded a number of favourable non-operating items, the company said Wednesday.Revenues for the quarter ended December 31, 2017 inched up 0.8% ($8.8 million) to $1.06 billion year-over-year. Revenues increased in Telecommunications ($36.2 million or 4.5% of segment revenues), though dropped in Media ($22.7 million or -10.2%) and in Sports and Entertainment ($3.8 million or -7.0%).Net income attributable to shareholders fell to $65.6 million in the fourth quarter of 2017, compared with $123.3 million in the same period of 2016, due in part to...