Corus Fiscal Q4 Financials Show Radio Still Down, Income Falling While Shaw Acquisition Grows Overall Revenue

Q4 Results

CORUS ENTERTAINMENT fiscal fourth quarter overall revenues jumped 99% to C$384,467,000 with the acquisition of SHAW MEDIA but radio revenues fell 5% to C$37,184,000.  Segment profit for radio was flat at C$8.5 million. 

Net income attributable to shareholders fell from C$17.8 million to C$25,000, and adjusted net income fell from C$24 million to C$14.5 million (18 to 7 cents/share adjusted, 21 to 0 cents/share diluted).

CORUS has also declared monthly dividends of C$0.094583 per Class A Share and C$0.095 per Class B Share payable on each of NOVEMBER 30, 2016, DECEMBER 30, 2016 and JANUARY 31, 2017 to shareholders of record as of NOVEMBER 15, 2016, DECEMBER 15, 2016 and JANUARY 16, 2017, respectively.

« see more Net News