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Quebecor Reports revenue of $1 billion in Q2 2020
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Quebecor, Inc. (TSX:QBR.B) is trading at C$32.84 which is near to its 52-week high of $ 34.49. The company has reported its consolidated financial results for Q2 2020 reporting revenue of $1 billion which is a drop of $531 million from Q2 2019. Net income was $174.9 million or $0.69 per share compared to $140.2 million or $0.55 per share a year ago. Despite the pandemic leading to a decline in revenues some business units continued to grow their client bases and enhance profitability with the company reporting EBITDA of $475.7 million.
Over the past year, it has been all about innovation at Quebecor and Group TVA entities and Quebecor OOH has continued the trend with the latest partnership with the Hivestack programmatic platform.
Alimentation Couche-Tard CEO Says M&A Strategy Helping The Company Grow
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Alimentation Couche-Tard Inc. (TSX:ATD.A) is also looking bullish as it is trading at C$45.46 which is close to its 52-week high of $47.57. The convenience store's CEO Brian Hannash has indicated that the focus on the M&A strategy will make the company even bigger. Currently Alimentation Couche-Tard is the second-largest owner of convince stores in the US and in the fiscal year ended April the company topped global sales of $54 billion. Hannash indicated that currently, they are focusing on Western Canada where they are building around 100 stores per year in the next three years.
Early last month the company and Fire & Flower opened two Fire & Flower stores next to Circle K stores in Calgary and Grande Prairie. Currently, Fire & Flower has 50 cannabis retail outlets across Ontario, Alberta, Saskatchewan, Ontario, and Yukon.
Trisura Group Reports net income of $6.6 inQ2 2020
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Another bullish stock currently is Trisura Group Ltd (TSX:TSU) which is trading at C$86.70 near to its 52-week's high of $93.70. The specialty insurance provider has announced its Q2 2020 financial results in which the company generated net income of $6.6 million. The CEO of the company David Clare stated that the result were due to the trng operations in North America. In Canada consistent investment returns and disciplined underwriting resulted in 19.7% return in equity while the US equity continued to grow with $144.8 million gross premiums in the quarter and net income of $4 million.
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COMTEX_369230865/2700/2020-08-11T10:13:07
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