Cost controls begin to pay off for Corus, as Q4 profits climb

TORONTO – Corus says “prudent cost control” helped to lift fourth quarter profits and mitigate a dip in revenues.Net income attributable to shareholders for the quarter ended August 31 was $33.7 million, up almost $5 million from $28.9 million posted in the same period last year, the company said Friday. Net income attributable to shareholders for the fourth quarter of fiscal 2018 includes business acquisition, integration and restructuring costs of $7.7 million. Adjusting for the impact of this item resulted in an adjusted net income attributable to shareholders of $39.5 million in the quarter.Consolidated revenues for the quarter were $379.1 million,...