Cable & Telecom

Struggling sales contribue to first quarter losses at Prestige

MONTREAL – Prestige Telecom recorded a first quarter net loss of $700,000, slightly greater than its $400,000 net loss in the same period last year, as its sales remained flat.EBITDA for the first quarter of fiscal 2012 ended June 30, 2011 was $1.3 million, compared to $1.7 million last year.Prestige posted quarterly sales of $33.4 million, compared to $33.5 million a year ago. Revenues for the construction segment were down 36% to $11.9 million, engineering segment revenues were up 58% to $16.5 million, and installation segment revenues were up 10% to $5 million due to an increase in wireline business activity.Gross...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.