Torstar profit rises 23 percent

Thu Jul 31, 2008 6:57am EDT
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TORONTO (Reuters) - Book and newspaper publisher Torstar Corp reported a higher quarterly profit on Thursday helped by strong performances from its Harlequin and Metroland divisions and a gain on the sale of some real estate.

Torstar, which publishes the Toronto Star daily newspaper and the Harlequin line of romantic novels, earned C$37 million, or 47 Canadian cents a share a share, up 23 percent from C$30.1 million, or 38 Canadian cents a share for the same period last year.

($1=$1.02 Canadian)

(Reporting by Scott Anderson; Editing by Derek Caney)