January 14, 2009 / 1:12 PM / 9 years ago

UPDATE 1-Cogeco Cable reports higher Q1 profit

* EPS C$0.48 vs C$0.42

* Revenue rose 18.9 pct to C$299.4 mln

    TORONTO, Jan 14 (Reuters) - Cogeco Cable Inc (CCA.TO) reported a stronger quarterly profit on Wednesday, helped by growth in its Canadian operations.

    The Canadian media company earned C$23.6 million ($19.3 million), or 48 Canadian cents a diluted share, in the first quarter ended Nov. 30, up from C$20.4 million, or 42 Canadian cents a share, a year earlier.

    Revenue was C$299.4 million, up 18.9 percent from C$251.8 million from the fourth quarter last year. ($1=$1.22 Canadian) (Reporting by John McCrank; Editing by Derek Caney)

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