Videotron powers Q1 revenue, profits at Quebecor

MONTREAL – Quebecor more than doubled its quarterly dividend amidst first quarter gains in revenues and profits, the company said Thursday.Consolidated revenues for the period grew 2.5% ($25.3 million) to $1.03 billion year-over-year. Revenues increased in Telecommunications ($22.0 million or 2.7% of segment revenues) and in Sports and Entertainment ($3.2 million or 8.6%), though dropped in Media ($0.5 million or -0.3%).Net income attributable to shareholders was $189.0 million in the quarter, more than triple the $57.1 million posted in the same period of 2018. Adjusted EBITDA increased $4.8 million (1.2%) to $420.7 million.Quebecor’s Videotron telecom segment significantly increased its revenues from mobile telephony ($15.6 million or 12.4%),...