Corus’ Q2 revenues surge 86%

TORONTO – Corus Entertainment saw revenues increase by 86% for its second quarter ended February 28, 2017, but rising costs helped to weigh down profits.The company said Thursday that net income attributable to shareholders for the quarter was $24.9 million, well below the $102.2 million posted in the same period last year, which includes business acquisition, integration and restructuring costs of $0.9 million. Adjusting for the impact of this item resulted in an adjusted net income attributable to shareholders of $25.6 million.Consolidated revenues for the quarter of $368.2 million jumped from $197.7 million year-over-year, while consolidated segment profit of $102.7...