{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

Aug 10, 2017

Quebecor Q2 profit jumps to $132.4M, boosted by spectrum sale to Shaw

Quebecor's headquarters in Montreal

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

MONTREAL - Quebecor Inc. (QBRb.TO) says an $87.8 million gain from the sale of wireless licences outside its home province helped boost the telecommunication and media company's second-quarter profit to $132.4 million in the second quarter.

Net income was $1.09 per basic share, up from eight cents per share, or $9.8 million in the comparable period of 2016.

The sale of spectrum licences to Shaw Communications (SJRb.TO) was part of the Calgary-based company's plans to strengthen the Freedom Mobile network as Canada's fourth-largest wireless carrier.

At one time, Quebecor's Videotron wireless service was considered a potential national player, but the Montreal-based company has opted to concentrate most of its business on Quebec and eastern Ontario.

Quebecor's adjusted income from continuing operations during the quarter was $83.2 million or 69 cents per share, up from $69.9 million or 57 cents per share in the 2016 second quarter.

Revenue was $1.03 billion, up $39.6 million or four per cent, mostly because of gains in the telecom segment.