CANWEST'S REVENUE INCREASES IN THIRD QUARTER
By Adnews Staff
CanWest Global Communications of Winnipeg reported a 29% increase in revenue to $93.1 million from $72.2 million in the third quarter ending May 31. Net profit for the television broadcasting comapny rose 21% to $13.3 million from $11 million. For the nine months, revenue rose from $218.5 million to $269 million. Profit rose to $57.6 million from $33.8 million. CanWest owns 57.5% of Australia's Network 10 which accounted for more than half of consolidated profits in the nine months.
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