HALIFAX – DHX Media Ltd. says it has been experiencing strong revenue growth nevertheless its second-quarter profit margin what food was in the lower end of management expectations.
The Halifax-based company – which operates several specialty Television stations but primarily creates and distributes Television programs for children and youth – says its revenue within the second quarter was $81.5 million, up 27 % around earlier.
Gross margin increased by 18 per cent to $44.29 million, or 54 per cent of revenue, just as one unexpectedly high proportion of distribution revenue originated in newer library titles as well as an abnormally large number of live action shows.
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Among DHX’s titles are “Teletubbies,” “Inspector Gadget” as well as the “Degrassi” franchise.
Its main specialty channel is Family.
Net income for the second quarter ended Dec. 31 doubled to $11.7 million or nine cents per share from $5.5 million or five cents per share last year.
Adjusted EBITDA, a way of measuring the company’s earnings, was $27.8 million Up 16 percent from $23.9 million.
The DHX says its quarterly dividend will rise by 6.7 percent to a single.6 cents per share, to become paid March 21.
