Yellow Media revenue falls as print business declines

Thu Aug 9, 2012 7:54am EDT
 
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(Reuters) - Canadian telephone directory publisher Yellow Media Inc YLO.TO said revenue fell as print segment sales continued to be weak but posted a net profit.

Net profit from continuing operations was C$67.7 million ($68.0 million), or 12 Canadian cents per basic share, compared with a net loss of C$20.7 million, or 5 Canadian cents per basic share, a year earlier when it recorded higher cash taxes and other charges.

On an adjusted basis, it earned 18 Canadian cents per share.

Revenue fell 16 percent to C$286.5 million.

(Reporting by Bhaswati Mukhopadhyay in Bangalore)