Eleven years of growth and counting at Astral
Briefs | 10/25/2007 3:49 pm EDT
Astral Media Inc. has released its financial results for the fourth quarter and year ended August 31, 2007, which reveal an 11th straight year of profitable growth for the media company. Financial highlights include: an 11% increase in net earnings from continuing operations for the year; an 8% increase in revenues for the year; and a 5% increase in cash flow from continuing operations for the year. "When we will look back on Fiscal 2007, we will remember the year for two major developments: the Standard Radio acquisition, which we are closing at the end of this month, and the 20-year street furniture agreement with the City of Toronto," said Ian Greenberg, president and CEO of Astral, in a news release. "Indeed these two developments will have a long-lasting impact on our Company. They give us the national footprint that we sought as part of our new business ambition, and provide us with added exposure to the fastest growing markets in the country, namely Southern Ontario, Alberta and B.C."