Radio Boosts Canada's Cogeco Q1
January 13, 2006 at 6:45 AM (PT)
CANADA's COGECO INC. says that growth in its cable and radio divisions sent first quarter revenues up 5.3% to C$180.5 million and profit up 47.4% to C$4.6 million (C28 cents/share). The company does not break out radio results from its overall media sector results (which include revenue from the TQS television network); media sector revenues rose 4% to C$37.116 million. COGECO owns the RHYTHME FM stations in QUEBEC and CJMF (LE 93-3)/QUEBEC CITY.
The company also declared a quarterly dividend of C6 1/4 cents/share for subordinate and multiple voting shares, payable on FEBRYARY 8 to shareholders of record on JANUARY 25.