Canada's Cogeco Cable profit rises 14 percent

Tue Jan 13, 2015 7:28pm EST
 
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Jan 13 (Reuters) - Canadian regional cable and Internet company Cogeco Cable Inc reported a higher quarterly profit helped by increased revenue from the American cable services business.

Profit rose to C$56.7 million, or C$1.16 per share in the first quarter ended Nov. 30, compared with C$49.7 million, or C$1.02 per share, a year earlier.

Revenue rose 4.6 percent to C$497 million.

($1 = 1.1950 Canadian dollars) (Reporting by Tanvi Mehta in Bengaluru; Editing by Lisa Shumaker)