Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Quebecor cuts Q4 loss by 55%, revenue up in all business segments
MONTREAL – Quebecor Inc. says its 2015 fourth-quarter loss was cut by more than half and revenue was up seven per cent compared with 2014.
Its loss for the three months dropped to $22.5 million or 28 cents per share (TSX:QBR.B).
In 2014, the telecom and media company’s fourth-quarter net loss was $50.3 million or 48 cents per share.
Revenue was $1.02 billion in last year’s fourth quarter, including $777.1 million from telecommunications.
In the comparable quarter of 2014, revenue was $953.7 million including $733.2 million from telecommunications.
For the full year, Quebecor had a profit of $180.1 million in 2015 with $3.88 billion of revenue compared with a 2014 loss of $24.4 million with $3.61 billion of revenue.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
