* Q4 rev up 4 pct
* Raises dividend 25 pct
Oct 27 (Reuters) - Canadian media company Corus Entertainment (CJRb.TO) reported a 64 percent drop in fourth-quarter profit, hurt by higher expenses, but raised its dividend 25 percent.
For the June-August quarter, the company’s net income fell to C$6.8 million ($6.7 million), or 8 Canadian cents a share, compared with C$18.7 million, or 23 Canadian cents a share, a year ago.
Revenue for the company, which owns specialty-TV channels such as Movie Central, HBO Canada and Treehouse as well as radio stations, rose 4 percent to C$202.8 million.
Analysts on average were expecting earnings of 28 Canadian cents a share, on revenue of C$206 million, according to Thomson Reuters I/B/E/S.
Direct cost of sales, general and administrative expenses came in at C$151.2 million versus C$137.8 million in the year-ago quarter.
Interest expenses rose to C$14.9 million, from C$8.4 million a year ago.
Corus Entertainment, which is controlled by Canada’s Shaw family through its ownership of the majority of Corus’s Class A shares, said its board had approved an increase in annual dividend of 15 Canadian cents a share.
Corus’ Class B shares closed at C$21.55 Tuesday on the Toronto Stock Exchange. ($1=1.023 Canadian Dollar) (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Unnikrishnan Nair)