Tuesday, April 3, 2007

UPDATE 1-Corus swings to Q2 profit, hikes dividend

(Reuters) - TORONTO, April 3 - Canadian radio and specialty TV group Corus Entertainment Inc. swung to a profit in the second quarter, following a loss a year earlier due to a large debt-refinancing expense, the company said on Tuesday.

Corus, which owns the Nelvana animation house, boosted its dividend by 16 percent and said payments would be made on a monthly basis instead of quarterly.


Read more at Reuters.com Market News

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