Corus lowers 2015 guidance despite higher profits, revenues

TORONTO – Led by its television segment, Corus Entertainment marked its fourth quarter and the end of fiscal 2014 with increases in revenues and profits. It also, however, lowered its guidance for 2015.Consolidated revenues for the three months ended August 31, 2014 increased 11% to $201.6 million from $181.9 million last year, while consolidated segment profit grew 15% to $58.3 million from $50.9 million last year. Net income attributable to shareholders for the quarter was $23.7 million, up from $11.9 million last year, and included business acquisition, integration and restructuring costs of $5.6 million and an investment impairment recovery of...