The Board of Directors of Cogeco Inc. declared a quarterly eligible dividend of $0.19 per share for multiple voting and subordinate voting shares, payable on May 8, 2013, to shareholders of record on April 24, 2013.

Cogeco Inc. reported unaudited consolidated earnings results for the second quarter and six months ended February 28, 2013. For the quarter, the company reported revenue of $458.501 million against $345.613 million a year ago. Operating income before depreciation and amortization was $195.968 million against $144.518 million a year ago. Operating income was $102.464 million against $58.931 million a year ago. Profit for the period from continuing operations was $56.517 million against $29.449 million a year ago. Profit for the period attributable to owners of the corporation was $16.899 million or $1.00 per diluted share against $25.089 million or $1.49 per diluted share a year ago. Cash flow from operating activities was $157.095 million against $126.455 million a year ago. Free cash flow amounted to $34.4 million against $17.967 million a year ago. Profit before income taxes was $71.933 million against $42.821 million a year ago. Acquisition of property, plant and equipment was $101.526 million against $84.540 million a year ago. Acquisition of intangible and other assets was $4.493 million against $2.646 million a year ago. For the six months, the company reported revenue of $825.109 million against $691.636 million a year ago. Operating income before depreciation and amortization was $352.548 million against $284.779 million a year ago. Operating income was $185.741 million against $133.573 million a year ago. Profit for the period from continuing operations was $103.612 million against $73.973 million a year ago. Profit for the period attributable to owners of the corporation was $35.386 million or $2.10 per diluted share against $43.859 million or $2.61 per diluted share a year ago. Cash flow from operating activities was $151.090 million against $136.025 million a year ago. Free cash flow amounted to $53.0 million, $8.7 million, or 19.7%, higher than the same period of last year free cash flow of $44.302 million. Free cash flow increase for both periods over the prior year are due to the improvement of operating income before depreciation and amortization, partly offset by the increase in financial expense and acquisition costs both related to ABB and PEER 1 acquisitions, in the Cable segment, as well as the increase in acquisition of property, plant and equipment. Profit before income taxes was $138.196 million against $99.685 million a year ago. Acquisition of property, plant and equipment was $180.040 million against $159.000 million a year ago. Acquisition of intangible and other assets was $9.134 million against $6.590 million a year ago. The company revised earnings guidance for the fiscal year 2013. The company announced that revenue is now expected to reach $1.8 billion, an increase of $105 million compared to the January 14, 2013 projections of $1,730 million. Operating income before depreciation and amortization should increase from $750 million to $782 million and financial expense should increase from $101 million to $118 million. Acquisitions of property, plant and equipment, intangible and other assets should increase by approximately $31 million from $404 million to $373 million and free cash flow should reach $150 million, a decrease of $25 million from January 14, 2013 projections of $175 million. Profit for the year attributable to owners of the corporation expected to be $69 million against $75 million January 14, 2013 projections. Profit expected to be $207 million against $227 million January 14, 2013 projections.

Cogeco Inc., Q2 2013 Earnings Call, Apr 11, 2013