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Company News

Canada's Corus Entertainment posts 15.7 pct rise in qtrly profit

Oct 18 (Reuters) - Canadian media company Corus Entertainment Inc reported a 15.7 percent rise in quarterly profit, helped by higher advertising revenue.

The company’s net income attributable to shareholders rose to C$28.9 million ($23.1 million) in the fourth quarter ended Aug. 31, from C$25 million a year earlier.

On a per-share basis, the company earned 14 Canadian cents per share. The company reported a C$16.5 million gain for the quarter.

Revenue fell to C$381.2 million from C$384.5 million.

$1 = C$1.25 Reporting by Ahmed Farhatha in Bengaluru; Editing by Maju Samuel

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