Quebecor sees 2015 revenues rise, continues to cut losses

MONTREAL – Quebecor ended 2015 back in the black, rebounding from a $30.1 million net loss attributable to shareholders last year, to $151.8 million in net income attributable to shareholders.The Montreal-based communications and media giant said Wednesday that the favourable variance of $181.9 million was due in part to the $102.1 million favourable non‑cash impact of fluctuations in the fair value of convertible debentures and the $45.3 million favourable impact of the decreased loss related to discontinued operations.Led by gains at Videotron, consolidated revenues grew 7.5% from $3.61 billion in 2014 to $3.88 billion, and adjusted operating income increased 2.2%...