March 11, 2015 / 11:53 AM / in 3 years

Canada's Quebecor's adjusted income rises 3.5 percent

(Reuters) - Canadian telecom and media conglomerate Quebecor Inc QBRb.TO reported a 3.5 percent rise in quarterly adjusted income, helped by strong demand in its telecommunications and media businesses.

Pierre Dion, president and chief executive officer of Quebecor and Quebecor Media arrives for their annual meeting in Montreal, June 19, 2014. REUTERS/Christinne Muschi

Adjusted income from continuing operations rose to C$50.3 million ($39.6 million), or 41 Canadian cents per share, in the fourth quarter ended Dec. 31, from C$48.6 million, or 39 Canadian cents per share, a year earlier.

Revenue rose nearly 3 percent to C$989.4 million.

On a net basis, the company reported a quarterly loss attributable to shareholders of C$59.5 million, compared with a year-ago profit attributable to shareholders of C$300,000, largely due to a C$34.5 million non-cash impact related to goodwill and intangible assets.

($1 = C$1.27)

Reporting by Sneha Banerjee in Bengaluru; Editing by Sriraj Kalluvila

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