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Quebecor Inc.

09:54 AM EST - Quebecor Inc. : reported its full-year 2014 consolidated financial results. Revenues were up $68.6 million (1.9%) from 2013 to $3.72 billion. Adjusted operating income was up $28.8 million (2.1%) to $1.40 billion. Net loss attributable to shareholders: $30.1 million ($0.24 per basic share) in 2014, compared with $288.6 million ($2.33 per basic share) in 2013, a favourable variance of $258.5 million ($2.09 per basic share), due in large part to the total $242.8 million favourable non-cash impact of fluctuations in the value of goodwill, intangible assets and derivative financial instruments. Quebecor Inc. shares T.QBR.B are trading down $0.48 at $33.25.