Corus Entertainment Inc. on Friday reported a fall in fourth-quarter profit, despite a rise in revenue which was driven by stronger performance in both its television and radio segments.
For the three months ended Aug. 31, the Canadian mass media and entertainment conglomerate said earnings per share were 10 Canadian cents (8 U.S. cents), down from C$0.15 in the comparable quarter a year ago.
Net income attributable to shareholders was C$19.9 million, compared with C$30.3 million a year earlier.
Total revenue rose to C$361.3 million from C$318.4 million, with both its radio and television segments posting higher revenue in the period.
