July 10, 2008 / 12:05 PM / 10 years ago

Cogeco, cable subsidiary report profit

TORONTO (Reuters) - Radio, TV and communications firm Cogeco Inc (CGO.TO) said late on Wednesday its quarterly profit more than tripled, thanks in part to stronger revenue.

Cogeco earned C$9.5 million, or 57 Canadian cents a share in the third quarter ended May, 31, up from C$3.1 million, or 18 Canadian cents a year earlier.

Revenue rose by 13.8 percent to C$283.9 million from C$249.4 million.

Cogeco’s publicly traded cable-operator subsidiary, Cogeco Cable Inc (CCA.TO) also reported a profit that rose from the same period a year earlier.

Cogeco Cable said it earned C$31.1 million, or 64 Canadian cents per share, up from a profit of C$20.4 million, or 45 Canadian cents a share a year earlier.

Revenue rose to C$274.9 million from C$240.6 million in the year-earlier period.

$1=$1.02 Canadian Reporting by Jennifer Kwan;; Editing by Scott Anderson

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