Quebecor grows Q3 adjusted operating income, revenue; shareholder profit falls

MONTREAL – Quebecor Inc.(TSX:QBR.B) produced higher operating income and revenue in the third quarter but its shareholder profit was down.

The Montreal-based media and telecom company says it had $18.6 million or 30 cents per share of net income attributable to shareholders.

That’s down about 29 per cent from $26.1 million or 41 cents a year ago.

On the other hand, Quebecor’s adjusted income from continuing operations rose to $52.1 million or 83 cents per share.

That’s up from $40 million or 63 cents per share in the third quarter of 2011.

Quebecor’s third-quarter revenue also improved slightly, rising about $45 million to nearly $1.06 billion — up from $1.01 billion a year earlier.

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