January 14, 2010 / 1:39 PM / 9 years ago

UPDATE 1-Astral Media profit boosted by TV ad sales

* EPS C$1.14 vs C$0.70

* Revenue rises 2.5 pct to C$250.7 million (Adds details)

TORONTO, Jan 14 (Reuters) - Astral Media Inc ACMa.TO said on Thursday its quarterly earnings jumped more than 60 percent, as its pay TV subscriber base grew and television advertising revenue rebounded.

The Canadian specialty-TV and radio company said it earned C$64.6 million ($62.7 million) or C$1.14 a share for the first quarter ended Nov. 30, up 64 percent from C$39.6 million or 70 Canadian cents a share for the same period a year earlier.

The period also included an C$11.6 reversal in accrued expenses.

Consolidated net earnings, which excludes a tax recovery and other items, were C$1.00 per share.

Revenue climbed 2.5 percent to C$250.7 million. ($1=$1.03 Canadian) (Reporting by Scott Anderson, editing by Gerald E. McCormick)

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