Children’s television producer and distributor DHX Media Ltd. says it rose to a profit in its most recent financial year.
The company’s net income was $1.7 million, or three cents per share, for the full year ended June 30.
That’s up from a loss of $813,000, or two cents per share, in the prior year.
Revenues increased 35% to $54.7 million from $40.5 million.
“We are pleased to announce our improved 2011 results as the company continues to recover from fiscal 2009’s difficulties in the general economy,” said chairman and CEO Michael Donovan in a release.
“In particular, the acquisition in September 2010 of Wildbrain Entertainment has helped to propel the business into meaningful merchandising and licensing success.”
DHX Media bought Los Angeles-based Wildbrain, producer of the popular children’s TV series Yo Gabba Gabba! and producer and animator for HBO’s The Ricky Gervais Show for US$8 million.
DHX Media bills itself as an international leader in television production and distribution, interactive content and entertainment licensing, with an emphasis on children, family and youth markets.
It has offices in Toronto, Halifax, Vancouver and Los Angeles and the company is the producer or co-producer of more than 60 original TV series.
TV series include That’s So Weird, How to be Indie, This Hour Has 22 Minutes and Grandpa in My Pocket.
