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Quebecor Inc. reported a third-quarter profit drop to $189 million despite record mobile line growth.
Quebecor Inc. reported a decline in third-quarter profit and revenue compared to the previous year.
The company’s net income was $189 million (81 cents per share), down from $209.3 million (91 cents per share) last year.
Revenue fell to $1.39 billion from $1.41 billion.
However, Quebecor achieved a record growth in mobile telephone lines, adding 132,100 during the quarter, bringing total wireless connections to over four million across its brands.
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Quebecor Inc. informó de una caída de beneficios del tercer trimestre a 189 millones de dólares a pesar del crecimiento récord de la línea móvil.