TORONTO - Corus Entertainment Inc. (TSX: CJR.B) says it had a $73.9-million profit in its fiscal first quarter, an 82 per cent improvement that came as advertising revenues began to rebound in November.
The Toronto-based television and radio company's net earnings amounted to 91 cents per share, on a diluted basis.
That's up from 50 cents per share or $40.6 million a year earlier.
Corus says its revenues also rose, to $222.3 million.
That's up from $216.8 million, although a closer look shows that the company's revenue from radio fell by about $4.5 million to $71 million.
Television revenue from specialty cable channels increased to $151.3 million in the quarter, up about $10 million from the year-earlier period.
Corus Entertainment profit rises to $73.9 million in its fiscal first quarter, revenue also up
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Published on
January 13, 2010
- Published on February 24, 2010
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The Canadian Press ~ The News
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