Astral reports 66th consecutive quarter of profitable growth

MONTREAL – Astral Media’s financial results for Q2 2013, released today, indicate the company saw a 2% increase in revenues, as well as continued growth in net earnings, EBITDA, and cash flow from operations. In the second quarter, consolidated net earnings totalled $41.2 million, an 8% increase over the $38.2 million recorded last year for the same period. That amount does not include any transaction costs related to the Bell-Astral merger, which remains subject to CRTC approval. EBITDA, or earnings before interest, taxes, depreciation and amortization, grew 5% to $69.4 million from $66.0 million for the same period last year, while consolidated revenues...