Astral Q1 profit rises on outdoor ad growth
(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)
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