DHX Media 2013

DHX turns profit in latest quarter, revenue grows

Halifax-based company earns $7.5 million

DHX Media says it turned a profit in its latest quarter compared with a loss a year ago, while revenue grew nearly 50%.

The producer of child- and youth-oriented TV programs says it earned $7.5 million in its most recent quarter.

That compared with a loss of $7.7 million in the same quarter last year.

On an adjusted basis, the company says it earned $8.3 million for the quarter ended Sept. 30, up from an adjusted profit of $5.5 million a year ago.

Revenue in what was the first quarter of the company’s financial year totalled $63.9 million, up from $43.0 million.

DHX Media is the company behind brands including the Teletubbies, Yo Gabba Gabba!, Caillou, In the Night Garden, Inspector Gadget, and the Degrassi franchise.

Photography by Canadian Press
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