HALIFAX — DHX Media Ltd. reported a $17.9-million loss attributable to its shareholders for its second quarter, as a change in foreign exchange rates affected the carrying value of its debt and revenue fell.
The loss amounted to 13 cents per share for the three months ended Dec. 31, which compared with a year-earlier profit of $7.4 million or six cents per share.
The loss in the most recent quarter included a $15.5-million non-cash, unrealized foreign exchange loss.
Revenue fell four per cent to $117.0 million from $121.9 million in last year’s comparable quarter.
The decline was attributed to a drop in a broad range of activities including content production, distribution and service fees.
Analysts expected revenue of $122.35 million, according to Thomson Reuters Eikon.
Companies in this story: (TSX:DHX)
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