Profits down at Cogeco in Q2 due to loss of one-time gain

MONTREAL – Cogeco Inc. earned $15.9 million in the second quartered ended February 29 as revenues improved 14%, or $33.5 million, to $271.9 million. That compares with a profit of $34.5 million on revenues of $238.4 million a year ago. But the results a year ago included a one-time gain of $31 million. In cable, revenue-generating units (RGUs) reached 2,624,885 with 56,196 net additions in the quarter. The number of net additions to basic cable in the Canadian market stood at 1,869 customers compared to a growth of 5,277 customers for the same period last year due to the expiry...