Q4 profits, revenues on the rise at Cogeco

MONTREAL – Growth in Cogceo Inc.’s cable and enterprise data services segment helped to drive up fourth quarter revenues by 5.6% and boost profits by 32.6%.The Montreal-based company said late Wednesday that revenue for the period ended August 31, 2015 was $554.1 million, up from $524.5 million in Q4 last year. Profits of $78.5 million, of which $25.4 million is attributable to owners of the corporation, is due primarily to the improvement of adjusted EBITDA and the $27.4 million settlement of a claim with a supplier in the cable and enterprise data services segment, partly offset by increases in financial...