ASTRAL REVENUES ON THE RISE
By Adnews Staff
Montreal-based Astral Communications has reported a 12.2% increase in overall revenues for the nine months ending May 31. They increased to $299.2 million, compared to $266.7 million for the same period in 1994. Despite the increase in revenue, net earnings decreased 16.9% to $4.9 million. Net earnings for the same period last year were $5.9 million. Astral is an integrated communications and entertainment company. It is into TV broadcasting, video, film, CD replication, multimedia development and distribution, duplication and technical services, and photo retailing.
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