TORONTO (Reuters) - Cogeco Inc (CGO.TO) reported a first-quarter loss on Wednesday, despite a rise in revenue the radio, TV and communications company said.
Cogeco lost C$9.98 million ($9.88 million), or 60 Canadian a share, in the three months ended November 30. That’s down from a profit of C$6.75 million , or 41 Canadian cents a share, in the same period a year earlier.
Revenue was up 11 percent at C$292.8 million, the company said.
Cogeco also announced it would increase its quarterly dividend to 7 Canadian cents a share from 6.25 Canadian cents.
Reporting by Rob Wilson; editing by Allan Dowd