* Q1 net EPS C$1.35 Vs C$0.65 a yr ago
* Excluding items, Q1 EPS C$0.78
TORONTO, Jan 13 (Reuters) - Canadian cable and telecommunications company Cogeco Inc CGO.TO said on Wednesday its fiscal 2010 first-quarter earnings rose, helped by growth in its cable business.
Net income in the quarter ended Nov. 30 rose to C$22.7 million, or C$1.35 a share, up from C$10.9 million, or 65 Canadian cents a share, a year earlier.
Excluding a favorable income tax adjustment in the most recent quarter, earnings were C$13.1 million, or 78 cents a share.
Cogeco, which earns most of its revenue from its cable business, said its quarterly revenue rose 6.4 percent to C$328 million.
In November, Rogers Communications RCIb.TO, owner of Canada’s biggest wireless carrier, announced it would spend more than C$160 million to buy a stake in rival Cogeco, as part of its investment strategy. (Reporting by Euan Rocha; Editing by Derek Caney)