Revenues, profit up in Q2 for Corus
Briefs | 04/05/2007 12:01 pm EDT
Corus Entertainment Inc.'s consolidated revenues increased 6% to $174.7 million in the second quarter ended February 28 compared to $164.4 million in the same quarter last year. The Calgary-based company's consolidated segment profit jumped to $47.3 million, a rise of 12% from $42.2 million last year. "Excellent specialty television advertising growth and solid segment profit contribution from all our divisions contributed to our strong second quarter results," said company president and CEO John Cassaday. Of the company's main segments, Corus Content experienced the largest revenue increase in the quarter, up 15% to $17.3 million from $15.1 million last year.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
Two weeks free access to thewirereport.ca and our exlusive newsletters.
Unlimited access to thewirereport.ca and our exlusive newsletters.