Cogeco and Cogeco Communications Schedule the Release of their Financial Results for the Fourth Quarter of Fiscal 2021 and Related Conference Call newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
(1)) compared to the same period of the prior year to reach $624.3 million;
Adjusted EBITDA
Free cash flow
Cogeco Communications announced the acquisition of WideOpenWest’s Ohio broadband systems; and
A quarterly eligible dividend of $0.64 was declared.
MONTRÉAL, July 14, 2021 /CNW Telbec/ – Today, Cogeco Communications Inc. (TSX:CCA) (“Cogeco Communications” or the “Corporation”) announced its financial results for the third quarter ended May 31, 2021, in accordance with International Financial Reporting Standards (“IFRS”).
OPERATING RESULTS
For the third quarter of fiscal 2021:
Revenue increased by 3.1% to reach $624.3 million. On a constant currency basis, revenue increased by 8.8%, mainly explained as follows:
Canadian broadband services revenue increased by 10.2% as a result of the DERYtelecom acquisition completed on December 14, 2020, the cumulative effect of sustained demand for residential high-speed Internet since the beginning of the pandemic
The Plaachimada unit of Coca Cola had suspended operations in March 2004 following agitations by locals citing overexploitation of groundwater and dumping of sludge causing pollution
Coco Cola donates oxygen concentrators
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Hindustan Coca Cola Beverages handed over a batch of EverFlo oxygen concentrators to the Guntur district administration. The machines were imported from Germany and were handed over in the presence of Joint Collector A.S Dinesh Kumar, Deputy Director Social Welfare, Madhusudana Rao and Manager, District Industries Centre, AV Patel.
The gesture is a part of the company’s nationwide COVID care plan, which includes setting up Oxygen plants, distributing free food kits and beverages to the needy, donating ICU and other medical emergency equipment to the government and charitable hospitals and facilitating vaccination camps and support programmes
From January 1
Ridership decreased by 77% in 2020 compared to 2019
Operating expenses decreased by 21.2%
Essential services maintained during the pandemic
Continuous implementation of preventive measures in response to the pandemic
Sustained progress on VIA Rail s modernization program
MONTRÉAL, May 19, 2021 /CNW Telbec/ - After a remarkably difficult year, VIA Rail Canada (VIA Rail) reflects in its 2020 annual report on the unique challenges it faced, and on its responsible and efficient response to the significant disruption in its operations stemming from blockades and the COVID-19 pandemic. VIA Rail experienced in 2020 a 77% drop in ridership and a decrease of 80% in passenger revenues compared to 2019.