March 14, 2013 / 11:49 AM / in 6 years

Quebecor profit falls on debt refinancing charge, higher costs

Quebecor Inc. President and Chief Executive Officer Pierre Karl Peladeau looks on during their annual general meeting in Montreal, May 9, 2012. REUTERS/Olivier Jean

(Reuters) - Canadian media and telecommunications conglomerate Quebecor Inc (QBRa.TO) (QBRb.TO) reported a 89 percent fall in quarterly profit after it booked a debt refinancing-related charge and on higher costs.

Net income fell to C$9.2 million ($9 million), or 15 Canadian cents per basic share, in the fourth quarter, from C$85.4 million, or C$1.34 per basic share, a year earlier.

Revenue fell marginally to C$1.14 billion.

Reporting by Maneesha Tiwari in Bangalore; Editing by Sriraj Kalluvila

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