October 30, 2009 / 11:31 AM / in 9 years

UPDATE 1-Cogeco Q4 profit jumps 56 pct

* Q4 EPS C$0.91 vs C$0.58 year ago

* Q4 rev up 8 pct to C$316.3 mln

* Backs 2010 revenue view

Oct 30 (Reuters) - Canadian cable and telecommunications company Cogeco Inc (CGO.TO) posted a 56 percent jump in quarterly profit on strong performance of its cable operations.

For the fourth quarter, the company earned C$15.2 million, or 91 Canadian cents per share, up from C$9.7 million, or 58 Canadian cents a share, a year ago.

Excluding items, it earned 49 Canadian cents a share.

Cogeco, which earns most of its revenue from its cable business, said revenue grew 8 percent to C$316.3 million, helped by rate increases and acquisition of Cogeco Data Services.

Analysts on average expected earnings of 63 Canadian cents a share, on a revenue of C$316.7 million, according to Thomson Reuters I/B/E/S.

The company maintained its 2010 revenue view at C$1.29 billion.

Shares of the company closed at C$25.35 Thursday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Ratul Ray Chaudhuri)

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