Saturday, October 25th6.3°C
23711
23778

Corus Entertainment posts net profit, higher revenues in its second quarter

TORONTO - Corus Entertainment Inc. (TSX:CJR.B) says its net income attributable to shareholders was $6.1 million in its second quarter or seven cents per share, compared with $5.9 million and seven cents EPS in the same quarter last year.

Revenues were up 11 per cent to $191.4 million in the quarter from $172.6 million in the second quarter of 2013.

Adjusted net income, excluding acquisition and restructuring costs and impairment charges, was $26.7 million, up 10 per cent from $24.4 million year-over-year. Adjusted earnings per share was 32 cents versus 29 cents year-over-year.

Revenue for the company's TV segment was $58 million in the quarter, up from $48 million in the period last year. Revenue in the radio segment was down at $8.4 million, compared with $9.6 million year-over-year.

Toronto-based Corus is the owner of several specialty television channels, radio stations and the Nelvana animation studio.

Corus recently acquired the full ownership of Teletoon from its partner Astral Media, now owned by BCE Inc. (TSX:BCE).

The Canadian Press


Read more Business News

23825


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23433

FEATURED Property
2082180203 1933 Ambrosi Court
2 bedrooms 2 baths
$339,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22707