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Results: Quebecor Reports Q2/ 2011 Results

Quebecor released their second quarter of 2011 earlier this week and it looks like the company is continuing on an upswing. One of their subsidiaries, Videotron added 45,00 subscribers to its mobile service, exceeding expected targets.

“Quebecor posted revenue and operating income growth in the second quarter of 2011,” said Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor. “Attesting to the success of the Corporation’s investment and development strategy, revenues grew in all business segments despite aggressive competition in many of those segments.

Quebecor records revenues of $1.05 billion, up $59.4 million (6.0%) from the second quarter of 2010.