May 6, 2008 / 9:44 PM / 9 years ago

Cinram posts loss as DVD volumes, prices fall

(In U.S. dollars unless noted)

TORONTO, May 6 (Reuters) - Cinram International Income Fund CRW_u.TO, the world’s largest provider of prerecorded media products, swung to a first-quarter loss on Tuesday, as lower DVD volumes and prices dragged on results.

Cinram, which said in November it would suspend payouts to investors, said it lost $3.4 million, or 6 cents per share, in the three months to March 31. That was down from a profit of $7.2 million, or 12 cents a share, a year earlier. (Reporting by Wojtek Dabrowski; editing by Rob Wilson)

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