Friday, August 7, 2009

Quebecor earnings rise on telecom growth

Shares of Quebec Inc. gained almost nine per cent Thursday after the company posted higher second-quarter earnings.

Quebecor shares rose $1.75 to $21.47 on the TSX.

Earlier, the company said it made $76.8 million, or $1.19 a share, up more than 33 per cent from the $57.5 million, or 90 cents a share, it made in the same quarter of the previous year.

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