Cogeco Inc. SV (TSE:CGO) has released an update.
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Cogeco Inc. has reported a slight 0.7% revenue dip to $751.9 million in its second fiscal quarter of 2024, marking a period of contrasting fortunes with strong internet subscriber growth at Cogeco Connexion but lower revenue at Breezeline. Despite the revenue decrease, the company saw a rise in earnings per share to $2.30, benefiting from a share repurchase program, while free cash flow fell by 16.5% due to higher capital expenditures. Cogeco is launching Breezeline Mobile in the US and maintains its fiscal 2024 financial goals, alongside announcing a 16.8% hike in its quarterly dividend to $0.854 per share.
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