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.

November 07, 2024
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