Quebecor Narrows Losses; Revenue Rises

CBJ — Quebecor says its 2015 fourth-quarter loss was cut by more than half and revenue was up 7% compared with 2014. Its loss for the three months dropped to $22.5-million or 28 cents per share.

In 2014, the telecom and media company’s fourth-quarter net loss was $50.3-million or 48 cents per share. Revenue was $1.02-billion in last year’s fourth quarter, including $777.1-million from telecommunications.

In the comparable quarter of 2014, revenue was $953.7-million including $733.2-million from telecommunications.

For the full year, Quebecor had a profit of $180.1-million in 2015 with $3.88-billion of revenue compared with a 2014 loss of $24.4-million with $3.61-billion of revenue.