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Cogeco Inc. SV ( (TSE:CGO) ) has provided an update.
Cogeco Inc. reported strong financial results for the first quarter of fiscal 2025, with a 9.8% increase in profit and a 1.4% growth in adjusted EBITDA. The company is executing a three-year transformation program aimed at enhancing competitiveness and efficiency, and is preparing to launch wireless services in Canada. Despite challenges in the radio advertising market, digital solutions are bolstering revenues, and Cogeco is maintaining its fiscal 2025 financial guidelines. The company also declared an 8.0% increase in its quarterly dividend, reflecting its positive financial performance and strategic progress.
More about Cogeco Inc. SV
Cogeco Inc. is a telecommunications company that primarily provides high-speed Internet services in Canada and the U.S., and is involved in radio broadcasting through Cogeco Media. The company is focused on synergies, digitization, advanced analytics, and network expansion, with plans to launch wireless services in Canada.
YTD Price Performance: -1.17%
Average Trading Volume: 17,674
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$568M
Learn more about CGO stock on TipRanks’ Stock Analysis page.
