MONTREAL, QUEBEC — (Marketwired) — 01/12/16 — Today, COGECO Inc. (TSX: CGO) (“COGECO” or the “Corporation”) announced its financial results for the first quarter ended November 30, 2015, in accordance with International Financial Reporting Standards (“IFRS”).
For the first quarter of fiscal 2016:
“Overall, our results for the first quarter of the new fiscal year have been satisfactory,” declared Louis Audet, President and Chief Executive Officer of COGECO Inc. “Our American cable services subsidiary, Atlantic Broadband, has successfully completed the integration of its acquisition, in Connecticut and it continues to report strong results, helping us consolidate our presence in the American market. Meanwhile, our Canadian cable services subsidiary continues to report satisfactory results.”
“At Cogeco Peer 1, significant portions of the integration of our business units are complete,” continued Mr. Audet. “Our teams continue to work diligently to build robust and competitive product portfolios as well as sales and go-to-market strategies. I am confident that the efforts we are putting into this investment now, under the guidance of the strong leadership team currently in place, will help us achieve the growth we expect from this sector.”
“As for our subsidiary, Cogeco Diffusion, I–m pleased to report that our results continue to be very positive, thanks to the strong performance of our radio and our transit display advertising. On the radio side, Cogeco–s talk radio stations are number one in both Montreal (98,5 fm) and Quebec city (FM 93) markets,” concluded Louis Audet.
ABOUT COGECO
COGECO Inc. (corpo.cogeco.com) is a diversified holding corporation which operates in the communications and media sectors. Through its Cogeco Cable Inc. subsidiary, COGECO provides its residential and business customers with video, Internet and telephony services through its two-way broadband fibre networks. Cogeco Cable Inc. operates in Canada under the Cogeco Cable Canada name in Quebec and Ontario, and in the United States under the Atlantic Broadband name in western Pennsylvania, south Florida, Maryland/Delaware, South Carolina and eastern Connecticut. Through Cogeco Peer 1, Cogeco Cable Inc. provides its business customers with a suite of information technology services (colocation, network connectivity, managed hosting, cloud services and managed IT services), through its 21 data centres, extensive FastFiber Network and more than 50 points-of-presence in North America and Europe. Through its subsidiary Cogeco Diffusion, COGECO owns and operates 13 radio stations across most of Quebec with complementary radio formats serving a wide range of audiences as well as Cogeco News, its news agency. COGECO–s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CGO). The subordinate voting shares of Cogeco Cable Inc. are also listed on the Toronto Stock Exchange (TSX: CCA).
Contacts:
Source:
COGECO Inc.
Patrice Ouimet
Senior Vice President and Chief Financial Officer
514-764-4700
Information: Media
Rene Guimond
Senior Vice-President, Public Affairs and Communications
514-764-4700
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