TORONTO — Television and radio broadcaster Corus Entertainment Inc. reported its fourth-quarter profit rose compared with a year ago, even as its revenue fell.
The company, which includes Global Television, says it earned $30.3 million in net income attributable to shareholders or 15 cents per diluted share for the quarter ended Aug. 31.
That compared with a profit of $22.9 million or 11 cents per diluted share a year ago.
Revenue totalled $318.4 million, down from $377.5 million.
On an adjusted basis, Corus says it earned $33.2 million million or 16 cents per share in the quarter, up from an adjusted profit of $27.9 million or 13 cents per share a year ago.
For its full financial year, Corus says it had a loss attributable to shareholders of $625.4 million or $2.98 per diluted share on $1.51 billion in revenue. That compared with a profit of $156.1 million or 74 cents per diluted share on $1.69 billion in revenue in the same period a year earlier.
This report by The Canadian Press was first published Oct. 22, 2020.
Companies in this story: (TSX:CJR.B)
The Canadian Press