Jerrek
22-10-2003, 10:46 AM
Coming from the cable company that offers 3 Mbps at C$45 [R 225] and 5 Mbps at C$65 [R 325] a month:
http://thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1066646103298&call_pageid=968350072197&col=968705923364
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">MONTREAL (CP) -- Despite losing thousands of regular cable customers, Cogeco Cable Inc. saw its quarterly profit jump by 73 per cent on growth of digital cable and high-speed Internet services, the company said today.
Canada's fourth-largest cable TV firm earned $4.3 million or 11 cents per share in its fiscal fourth quarter ended Aug. 31. That compared with a year-earlier profit of $2.5 million or six cents per share.
Revenue was $125 million, up from $112 million.
For fiscal 2003, the company's profit was $7.9 million or 20 cents per share, compared with $3.8 million or 10 cents per share in 2002. Revenue was $479 million for the full year, up from $448 in the previous year.
Cogeco said it expects strong competition in the cable industry will lead to it lose 11,000 to 13,000 cable customers in the current fiscal year, less than the 15,711 it lost in fiscal 2003.
It also said it expects to add 35,000 to 40,000 high-speed Internet customers in the coming year and it forecast its net income for the current fiscal year will be about $11 million.
Fourth-quarter growth came from increased high-speed Internet access sales and a rise in the monthly rate paid by customers using the basic Internet service.
Because of the improved financial results, Cogeco Cable also spent $3 million on employee bonuses in fiscal 2003, $1.2 million on which was earned in the fourth quarter. No corporate performance bonuses were earned in fiscal 2002.
Cogeco Cable is the second-largest cable operator in Ontario and in Quebec, based on the number of basic service customers it has.
Shares of Cogeco Cable (TSX: CCA) traded up 30 cents today at $16.75 on the Toronto stock market.<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote"> Not had eh? Losing customers (why!?!!) and profit up 73%, AND they give ultra reliable internet at good speeds.
http://thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1066646103298&call_pageid=968350072197&col=968705923364
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">MONTREAL (CP) -- Despite losing thousands of regular cable customers, Cogeco Cable Inc. saw its quarterly profit jump by 73 per cent on growth of digital cable and high-speed Internet services, the company said today.
Canada's fourth-largest cable TV firm earned $4.3 million or 11 cents per share in its fiscal fourth quarter ended Aug. 31. That compared with a year-earlier profit of $2.5 million or six cents per share.
Revenue was $125 million, up from $112 million.
For fiscal 2003, the company's profit was $7.9 million or 20 cents per share, compared with $3.8 million or 10 cents per share in 2002. Revenue was $479 million for the full year, up from $448 in the previous year.
Cogeco said it expects strong competition in the cable industry will lead to it lose 11,000 to 13,000 cable customers in the current fiscal year, less than the 15,711 it lost in fiscal 2003.
It also said it expects to add 35,000 to 40,000 high-speed Internet customers in the coming year and it forecast its net income for the current fiscal year will be about $11 million.
Fourth-quarter growth came from increased high-speed Internet access sales and a rise in the monthly rate paid by customers using the basic Internet service.
Because of the improved financial results, Cogeco Cable also spent $3 million on employee bonuses in fiscal 2003, $1.2 million on which was earned in the fourth quarter. No corporate performance bonuses were earned in fiscal 2002.
Cogeco Cable is the second-largest cable operator in Ontario and in Quebec, based on the number of basic service customers it has.
Shares of Cogeco Cable (TSX: CCA) traded up 30 cents today at $16.75 on the Toronto stock market.<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote"> Not had eh? Losing customers (why!?!!) and profit up 73%, AND they give ultra reliable internet at good speeds.