Cogeco Cable sales rise on strong U.S. cable services growth

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Cogeco Cable Inc reported an 7 percent rise in quarterly revenue as the Canadian cable TV, internet and phone services provider continued to reap benefits from its expansion into data services and U.S. cable TV sectors.

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The Montreal-based company's net profit fell to C$35.5 million ($33.33 million), or 72 Canadian cents per share, in the quarter ended May 31, from C$48.1 million, or 98 Canadian cents per share, a year earlier.

Revenue increased $32 million to $496.4 million.

($1 = 1.10 Canadian dollars) (Reporting By Shubhankar Chakravorty and Ramkumar Iyer in Bangalore; Editing by Lisa Shumaker)

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