Subscriber growth drives Q4 profits at SiriusXM Canada

TORONTO – SiriusXM Canada said that it ended fiscal 2015 on “a high note” after posting increases in total subscribers and revenues.For the year ended August 31, 2015, net income climbed 43.2% to $28.2 million, excluding a one-time income tax expense and withholding tax expense, on revenues of $325.9 million, which increased 7.4%. Adjusted EBITDA, which excludes a one-time adjustment related to the withholding tax provision, was $79.2 million, an increase of 0.2% from $79.0 million last year.For the fourth quarter, revenue of $83.7 million was up 8.5%, from $77.1 million in Q4 FY2014, reflecting growth in the company's self-paying...