Halifax based DHX Media Ltd. turns profit, sees revenue grow
DHX Media is the company behind brands including the Teletubbies, Yo Gabba Gabba! and Caillou
DHX Media Ltd. says it turned a profit in its latest quarter compared with a loss a year ago, while revenue grew nearly 50 per cent.
The producer of child and youth oriented TV programs says it earned $7.5 million or six cents per share in its most recent quarter.
That compared with a loss of $7.7 million or six cents per share in the same quarter last year.
On an adjusted basis, the company says it earned $8.3 million or seven cents per share for the quarter ended Sept. 30, up from an adjusted profit of $5.5 million or five cents per share a year ago.
Revenue in what was the first quarter of the company's financial year totalled $63.9 million, up from $43.0 million.
DHX Media is the company behind brands including the Teletubbies, Yo Gabba Gabba!, Caillou, In the Night Garden, Inspector Gadget, and the Degrassi franchise.