Corus Entertainment Q1 profit up 9 percent

Tue Jan 10, 2012 7:28am EST
 
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(Reuters) - Canadian media company Corus Entertainment (CJRb.TO: Quote) posted a 9.3 percent jump in first-quarter profit, helped by growth in television advertising and subscribers.

Toronto-based Corus raised annual dividend for its Class A and Class B shares by 9 Canadian cents, it said in a statement.

The specialty television producer, with a focus on content for children and women, reported a September-November net profit of C$50.5 million ($49.2 million), or 61 Canadian cents a share. The company's profit was C$46.2 million, or 56 Canadian cents a share, a year ago.

Revenue rose 6.6 percent to C$236.9 million. Revenue from the television segment rose by 10 percent.

($1 = 1.0266 Canadian dollars)

(Reporting by Maneesha Tiwari in Bangalore; Editing by Maju Samuel)