Profits, revenue, on the rise at Quebecor

MONTREAL – Revenues at Quebecor jumped 5.2% in 2011 which the company said was due to “sustained growth” in the customer base at its Videotron subsidiary. The Montreal-based communications behemoth said Thursday that revenues for the year ended December 31, 2011 were $4.21 billion, up from $4.0 billion at the end of 2010. Operating income showed a modest increase to $1.34 billion, while net income attributable to shareholders fell from $225.3 million last year to $201 million. For the fourth quarter, revenues increased 5.5% year-over-year to $1.15 billion, operating income grew 2.8% to $369.2 million, and net income attributable to...