Cogeco Cable Inc. Reports First Quarter 2014 Financial Results
Tuesday, January 14th, 2014MONTRÉAL, QUÉBEC — Today, Cogeco Cable Inc. (TSX:CCA) (“Cogeco Cable” or the “Corporation”) announced its financial results for the first quarter of fiscal 2014, ended November 30, 2013, in accordance with International Financial Reporting Standards (“IFRS”).
Canadian Cable Services
For the first quarter of fiscal 2014 net customer losses for Television service stood at 7,122 compared to 2,076 for the prior year. Television service customer net losses are mainly due to the promotional offers of competitors for the video service combined with the tightening of our customer credit controls.
Net additions (losses) Quarters ended November 30, November 30, ---------------------- 2013 2013 2012 ------------ ---------- ---------- Television service customers 827,649 (7,122) (2,076)
American Cable Services
Television service customers net losses amounted to 1,971 as a result of competitive offers.
Net additions (losses) Quarters ended November 30, November 30, ---------------------- 2013 2013 2012 ------------ ---------- ---------- Television service customers 230,210 (1,971) -
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