Astral Media Q2 Net Earnings Up 8%
April 11, 2013 at 5:09 AM (PT)
While it awaits CRTC action on its proposed sale to BELL, ASTRAL MEDIA reported revenue ip 2% to C$237.1 million, with consolidated net earnings rising 8% to C$41.2 million, and diluted earnings per share up 6% to C$0.73. Radio revenue, however, fell 1% for the quarter.
"I am very pleased by the Company's performance in the second quarter of Fiscal 2013, which is ASTRAL's 66th consecutive quarter of profitable growth," said President and CEO IAN GREENBERG. "Our diversified portfolio, innovative multiplatform offering and financial discipline enabled us to thrive in a still challenging market environment."