Cogeco Cable sales rise on strong U.S. cable services growth
July 9 (Reuters) - Cogeco Cable Inc reported an 7 percent rise in quarterly revenue as the Canadian cable TV, internet and phone services provider continued to reap benefits from its expansion into data services and U.S. cable TV sectors.
The Montreal-based company's net profit fell to C$35.5 million ($33.33 million), or 72 Canadian cents per share, in the quarter ended May 31, from C$48.1 million, or 98 Canadian cents per share, a year earlier.
Revenue increased $32 million to $496.4 million.
($1 = 1.10 Canadian dollars) (Reporting By Shubhankar Chakravorty and Ramkumar Iyer in Bangalore; Editing by Lisa Shumaker)