Monday, August 20, 2012

Quebecor Inc. Reports Q2 Results

Quebecor Inc. today reported its consolidated financial results for the second quarter of 2012.
Second quarter 2012 highlights
Revenues: $1.09 billion, up $33.0 million (3.1%) from the second quarter of 2011.
Operating income:(1) down $0.7 million (-0.2%) to $357.8 million.
Net income attributable to shareholders: $67.0 million ($1.05 per basic share), up $11.8 million ($0.19 per basic share) from $55.2 million ($0.86 per basic share) in the second quarter of 2011.
Adjusted income from continuing operations:(2) $48.7 million ($0.77 per basic share), down $11.3 million ($0.16 per basic share) from $60.0 million ($0.93 per basic share) in the second quarter of 2011.