09:55 AM EST - Quebecor Inc. : Reported its consolidated financial results for 2019. Revenues were $4.29 billion, up $112.8 million (2.7%) from 2018. Adjusted EBITDA were $1.88 billion, a $103.2 million (5.8%) increase. Without restatement of comparative figures following adoption of IFRS 16, adjusted EBITDA increased by $147.4 million (8.5%). Net income attributable to shareholders: $652.8 million ($2.55 per basic share) in 2019, compared with $403.7 million ($1.69 per basic share) in 2018, an increase of $249.1 million ($0.86 per basic share). Without restatement of comparative figures following adoption of IFRS 16, net income attributable to shareholders increased by $251.5 million. Quebecor Inc.
shares T.QBR.B are trading down $1.38 at $29.48.
