Corus Entertainment Inc. had a $31.6-million profit for its second quarter, as the Toronto-based television and radio company saw its revenue increase by 8% over the same time a year before.
The company had 38 cents per share of net income, about even with the year-earlier quarter and slightly ahead of analyst estimates of 36 cents per share net earnings and 37 cents per share adjusted earnings.
The Toronto-based company’s overall revenue improved to $205.7 million, with growth from the television division offsetting a slight decline in the radio division.
Revenue from the Corus specialty television channels grew to $163.3 million from $148.4 million a year earlier, while the radio division’s revenue slipped to $42.4 million from $42.6 million.
