“Strong performance” in Q1 lifts Cogeco profits by 14.1%

MONTREAL – Cogeco Cable kicked off fiscal 2015 with “solid” first quarter financial results that included a 14.1% jump in profits.For the first quarter ended November 30, 2014, the company said that revenue increased 4.6% to $497.0 million, up from $474.9 million last year, driven by growth of 1.8% in its Canadian cable services segment, 15.2% in the American cable services segment and 3.5% in the Enterprise data services segment. Revenue increased organically from most operating units combined with favorable foreign exchange rates in its foreign operations.Adjusted EBITDA rose 3.5% to $218.9 million, compared to $211.5 million in the same period...