Saturday, October 3rd5.7°C

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

Recent Trending

Today's Market
S&P TSX13339.74+97.85
S&P CDNX525.56-0.33
S&P 5001951.36+27.54
CDN Dollar0.7602+0.0057
Natural Gas2.47+0.04

Okanagan Companies
Pacific Safety0.215+0.000
QHR Technologies Inc1.19+0.01
Metalex Ventures0.06+0.00
Russel Metals21.48-0.07
Copper Mountain Mining0.42+0.03
Colorado Resources0.08+0.01
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.095+0.005
Decisive Dividend Corp3.49+0.45
Diamcor Mining0.90+0.02



24187183580 Gates Road
10105858 bedrooms
more details
Click here to feature your property
Please wait... loading

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

Collateral mortgage

Photo: Thinkstock.comMost of the time I recommend that my clients not take a collateral type mortgage product, as it locks you in with the current lender and at maturity the mortgage is costly to tran...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council