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Company News

Canada's Corus Entertainment reports quarterly loss

June 27 (Reuters) - Canada’s Corus Entertainment Inc on Wednesday reported a quarterly loss, compared with a year-ago profit, hit by a C$1.01 billion ($759.17 million) charge related to broadcast license and goodwill impairment.

Net loss attributable to Corus was C$936 million, or C$4.49 per share, in the third quarter ended May 31, compared with a profit of C$66.7 million, or 33 Canadian cents per share, a year earlier.

Total revenue fell to C$441.4 million from C$461.6 million.

$1 = C$1.33 Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel

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