Quebecor Inc cuts loss by 55 revenue up in all business segments

MONTREAL — Quebecor Inc. says its 2015 fourth-quarter loss was cut by more than half and revenue was up seven per cent 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.Quebecor’s Videotron first to bring ultra-high-definition programming to North AmericaRevenue 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.

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