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Quebecor Q3 Net Income Down - Quick Facts

Quebecor Inc. (QBR_MV_A.TO, QBR_A.TO) revealed a decline in third-quarter net income attributable to shareholders to C$18.6 million or C$0.30 per share from C$26.1 million or C$0.40 per share a year ago, reflecting a charge pertaining to goodwill impairement totaling C$187.0 million in the current quarter.

Adjusted income from continuing operations totaled C$52.1 million or C$0.83 per basic share.

Meanwhile, revenues for the quarter rose by 4.4 percent to C$1.059 billion from C$1.014 billion in the prior year.

Additionally, the company said its Board has declared a quarterly dividend of C$0.05 per share on Class A Multiple Voting Shares and Class B shares, payable on December 24, to shareholders of record on November 29.

by RTT Staff Writer

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