Additions Boost Astral Q3 Revenue, Earnings
July 14, 2008 at 5:40 AM (PT)
ASTRAL MEDIA third fiscal quarter 2008 revenue jumped 38% to C$233 million, buoyed by the addition of the former STANDARD RADIO stations. Earnings before interest, taxes, depreciation, and amortization rose 41% to C$35.9 million, with net income per share up 12% to C76 cents.
While radio division revenues increased 151% to C$86.5 million with the new stations included, its original stations in QUEBEC and the MARITIMES fell 7%.