CANWEST SEES RISE IN REVENUE AND INCOME
By Adnews Staff
CanWest Global Communications of Winnipeg has reported a 43% jump in net income to $36.5 million for the quarter ending May 31. This figure is on revenue that rose 33% to $224.7 million. For the nine months, net income increased 41% to $117.3 million on revenue of $632 million, up 30%. The company attributes the performance to strong advertising sales, a larger holding in Australia's Network Ten and strict cost controls. CanWest expects to launch new projects in the coming year including relaunching its Quebec City TV station in Montreal, new FM radio stations in New Zealand and a new TV operation in Ireland.
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