Astral Q1 profit rises on outdoor ad growth

Thu Feb 2, 2012 8:14am EST
 
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(Reuters) - Astral Media ACMa.To posted a 5 percent rise in quarterly profit as outdoor advertising growth offset sluggish TV and radio revenue.

The Montreal-based company said net profit rose to C$55.8 million, or C$1 per share, from C$53.1 million, or 92 Canadian cents per share, a year ago.

Revenue rose 2 percent to C$271.1 million. Outdoor advertising revenue rose 13 percent in the quarter.

(Reporting by Maneesha Tiwari in Bangalore)