DHX Media reports full-year results - Revenue up 31%, net income increases 131% Press Release: DHX MEDIA LTD. – 1 hour 59 minutes ago
HALIFAX , Oct. 1, 2012 /CNW/ - DHX Media Ltd. ("DHX Media" or the "Company") (DHX.TO), a leading independent international producer, distributor and licensor of mainly children's entertainment content, is pleased to announce its audited financial results for the year ended June 30, 2012 .
Highlights of Fiscal 2012 Results:
(All amounts in Canadian dollars)
- Revenues of $72.7 million , up 31% from $55.4 million in fiscal 2011;
- Gross margin increased to $24.7 million (34% of revenues), up 11% from $22.3 million in fiscal 2011 (40% of revenues);
- EBITDA1 of $9.1 million , an increase of 34% from $6.8 million for fiscal 2011; and,
- Net income of $3.0 million , or $0.05 per share, up from $1.3 million , or $0.02 per share, an increase of 131%, from fiscal 2011.
1 EBITDA represents income of the Company before amortization, finance income (expense), taxes, share of loss of associates, development expenses, stock-based compensation expense, and other one-time adjustments. (See Annual MD&A definition of EBITDA for full details).
Michael Donovan , Chairman and CEO, DHX Media commented, "We are very pleased to report our financial results for fiscal 2012 which show continued profitable growth. This growth sets the stage for the completion of our recently announced, acquisition of Cookie Jar. We look forward to an exciting year ahead as a significantly larger business and the benefits that scale will bring."