April 9, 2009 / 12:30 PM / in 9 years

UPDATE 1-Astral Media reports lower quarterly results

* EPS C$0.51 vs C$0.98

* 2008 quarter included income tax recovery of C$28.9 mln

TORONTO, April 9 (Reuters) - Television and radio company Astral Media ACMa.TO posted a lower quarterly profit on Thursday, compared with the same time a year earlier when it benefited from a tax refund.

Astral said it earned C$28.9 million ($23.5 million), or 51 Canadian cents a share, in the three months ended Feb. 28, down from C$57.3 million, or 98 Canadian cents a share, a year earlier, when it included an income tax recovery of C$28.9 million. ($1=$1.23 Canadian) (Reporting by Scott Anderson, editing by Dave Zimmerman)

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