BUSINESS

DHX Media reports profit and revenue up, increases quarterly dividend

02/17/2015 08:01 EST | Updated 04/19/2015 05:59 EDT
HALIFAX - DHX Media Ltd. (TSX:DHX.A, TSX:DHX.B) says it earned $5.5 million in its latest quarter as its revenue more than doubled due to its acquisition of several specialty channels last year.

The producer and distributor of children's TV shows, such Teletubbies and Degrassi, also increased its quarterly dividend by a tenth of a cent to 1.4 cents.

DHX said Tuesday its profit amounted to four cents per diluted share for the quarter ended Dec. 31 compared with a profit of $2.8 million or three cents per share a year ago.

Revenue in what was the company's second quarter increased to $64.3 million compared with $30.4 million in the last three months of 2013.

The company acquired the Family Channel as well as the Disney Junior channels in English and French and Disney XD from BCE (TSX:BCE) last year.