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Corus Reports Third-Quarter Profits

Corus Entertainment, parent of Nelvana Studios, Teletoon, and YTV, earned $19.4 million in the third quarter of 2005, up from a loss of $51.2 million in the same period a year ago, the company said yesterday. Revenue rose 5% to $171.9 million.

For the nine-month perioed ended May 31, revenue rose slightly to $507.8 million. Net income of $61.5 million compared to a loss of $37.2 million in the year-ago period.

[Source: Corus Entertainment]

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