REFILE UPDATE 1-Cogeco Cable profit falls on impairment charges

By -

Cogeco Cable Inc, a Canadian cable TV, Internet and phone services provider, reported a lower third-quarter profit as its unit Cogeco Cable Canada booked impairment charges during the period.

Net profit fell to C$35.5 million ($33.3 million) or C$0.72 per share, for the quarter ended May 31, from C$48.1 million, or C$0.98 per share, a year earlier.

Cogeco Cable Canada recognized an impairment charge of $32.2 million related to an Internet Protocol Television project.

The Montreal-based company's Canadian cable services unit lost 8,021 cable customers, while 1,433 telephone customers canceled their services in the quarter.

The U.S. cable services unit of the company lost 1599 cable customers, while it added 733 new telephone customers during the quarter.

Revenue rose by 6.9 percent to $496.4 million.

Owned by media and telecommunications company Cogeco Inc , Cogeco Cable competes with Rogers Communications Inc , Telus Corp and BCE Inc. ($1 = 1.0648 Canadian Dollars) (Reporting By Sudarshan Varadhan in Bangalore; Editing by Gopakumar Warrier)

Popular posts from this blog

Model Stella Tennant dies 'suddenly' aged 50 as her family pay tribute to 'wonderful woman and an inspiration to us all'

By -
Image
Britain's most famous aristocratic supermodel Stella Tennant has died at the age of 50, just months after splitting from her husband. Her family praised her as a 'wonderful woman and an inspiration to us all' in a statement which confirmed her 'sudden death' yesterday. In August it was revealed Mrs Tennant had separated from her husband David Lasnet after 21 years of marriage earlier this year. The couple owned a property empire that includes a luxury mews house in Edinburgh and a stately home near her father's estate. Mrs Tennant was the granddaughter of Andrew Cavendish, the 11th Duke of Devonshire and Deborah Mitford, one of the well-known aristocratic siblings.  The mother-of-four was known for her androgynous looks during her 1990s modelling heyday and soon became a muse for Karl Lagerfeld, which the fashion designer attributed to her resemblance to Coco Chanel.  Britain's most famous aristocratic supermodel Stella Tennant has died aged 50 just months a...
Read more

Best Online MBBS Colleges in the USA

By -
Are you hunting for a medical college abroad? Well, if yes, Kudos, as you have landed at the right station. Knowingly, MBBS degree, which is often called a Bachelor of Medicine and Bachelor of Surgery is approximately four years of courses offered by several medical colleges, and institutes. But amongst these many institutes, how to find the best online MBBS colleges for you? No worries, as today with this guide, we will be thriving some of the 5 best online MBBS colleges in the USA. So, what are we waiting for? Let’s begin the search!   Why Should I Study MBBS in the USA? There are numerous advantages of studying MBBS from the USA. Out of which, one of the enticing things is you don’t have to appear for the FMGE exam (Foreign Medical Graduate Exam) in countries like India. Other than this- ·          First rated universities Just like other countries, universities in the USA tend to offer several amenities to foreign students t...
Read more

ALL ABOUT CAR INSURANCE:

By -
The importance of insurance comes with the motto " Protect yourself and others". It is undeniable that in the times of any unfortunate situations the stress of dealing with  emotional stress and financial issues having insurance provides the financial security to deal with the situation with peace of mind. There are a variety of insurance policies aiming to protect certain features like health, home, motor, travel, property and so on. These insurance policies help in the case of an emergency situation which can leave the person debt-ridden. Thus the importance of insurance is inevitable. Among the insurance policies, Motor Insurance which deals with the vehicles is essential to have by the vehicle owners. In many countries it is important to have basic motor insurance for the vehicles. When a car (motor) is bought, there comes the responsibility and risk about the safety of the vehicle, its owner and the other third party. Every single vehicle running on the road carries ...
Read more