DHX Media Ltd raises dividend after Q2 revenue rises 27% – FINANCIAL NEWS-ecozik.com
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DHX Media Ltd raises dividend after Q2 revenue rises 27%

DHX Media operates several specialty TV channels but primarily creates and distributes TV programs for children and youth, such as "Teletubbies."

HALIFAX – DHX Media Ltd. says it has been experiencing strong revenue growth nevertheless its second-quarter profit margin was at the reduced end of management expectations.

The Halifax-based company – which operates several specialty Television channels but primarily creates and distributes TV programs for kids and youth – says its revenue in the second quarter was $81.5 million, up 27 percent from the year earlier.

Gross margin increased by 18 percent to $44.29 million, or 54 per cent of revenue, as an unexpectedly high proportion of distribution revenue came from newer library titles as well as an abnormally high number of live action shows.

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