Quebecor inc reports consolidated results for second quarter 2021 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
MONTRÉAL, May 13, 2021 /PRNewswire/ - Quebecor Inc. ( Quebecor or the Corporation ) today reported its consolidated financial results for the first quarter of 2021. Quebecor consolidates the financial results of its wholly owned Quebecor Media Inc. ( Quebecor Media ) subsidiary.
First quarter 2021 highlights
Adjusted EBITDA:
Adjusted income from continuing operating activities:
2 $129.9 million ($0.52 per basic share), an increase of $18.4 million ($0.08 per basic share) or 16.5%.
Net income attributable to shareholders: $121.3 million ($0.49 per basic share), a decrease of $10.3 million ($0.03 per basic share).
Cash flows from operations:
3 $307.6 million, up $12.6 million (4.3%).
The Telecommunications segment grew its revenues by $39.3 million (4.5%) and its adjusted EBITDA by $15.4 million (3.5%) in the first quarter of 2021.