Business · Companies · 3 hrs ago

Quebecor reports higher third-quarter profit and revenue

Quebecor reports higher third-quarter profit and revenue

Montreal-based Quebecor reported higher profit and revenue for the third quarter, which ended Sept.

30.

Net income was $302.6 million, up from $238.7 million in the same quarter a year earlier.

Revenue rose to $1.45 billion from $1.41 billion.

Telecommunications revenue increased to $1.27 billion, while media revenue edged up to $154.2 million.

Sports and entertainment revenue fell to $64.5 million from $68.3 million.

The results show growth in the company’s overall business, though not across every segment.

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