Cogeco Inc. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was CAD 751.91 million compared to CAD 757.19 million a year ago. Net income was CAD 24 million compared to CAD 33.79 million a year ago. Basic earnings per share from continuing operations was CAD 2.32 compared to CAD 2.17 a year ago. Diluted earnings per share from continuing operations was CAD 2.3 compared to CAD 2.15 a year ago.
For the six months, sales was CAD 1,528.08 million compared to CAD 1,546.88 million a year ago. Net income was CAD 58.54 million compared to CAD 75.87 million a year ago. Basic earnings per share from continuing operations was CAD 4.53 compared to CAD 4.85 a year ago. Diluted earnings per share from continuing operations was CAD 4.5 compared to CAD 4.82 a year ago.