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Quebecor reports Q1 profit down, telecommunications helps lift revenue higher | iNFOnews


Quebecor reports Q1 profit down, telecommunications helps lift revenue higher
Quebecor president and CEO Pierre Karl Peladeau addresses the media company s annual meeting in Montreal on Thursday, May 9, 2019. THE CANADIAN PRESS/Paul Chiasson
May 13, 2021 - 11:37 AM
MONTREAL - Quebecor Inc. reported its first-quarter profit fell compared with a year ago as its revenue climbed higher, helped by gains in its telecommunications business and recent acquisitions.
The Montreal-based company said Thursday that its net income attributable to shareholders totalled $121.3 million or 49 cents per share for the quarter ended March 31, down from a profit of $131.6 million or 52 cents per share a year ago. ....

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