January 12, 2017 / 3:19 PM / 6 months ago

BRIEF-Postmedia Network Canada reports Q1 EPS $0.31

1 Min Read

Jan 12 (Reuters) - Postmedia Network Canada Corp -

* Postmedia reports first quarter results

* Postmedia Network Canada Corp- Revenue for quarter was $214.9 million as compared to $251.1 million in prior year

* Postmedia Network Canada - Net income in quarter ended November 30, 2016 was $17.8 million, as compared to a net loss of $4.2 million in same period in prior year

* Postmedia Network Canada Corp qtrly earnings per share $0.31

* Postmedia Network Canada-Will continue to identify,undertake ongoing cost reduction initiatives to address revenue declination in Legacy Print Business

* Postmedia Network Canada - During 3 months ended Nov 30, co implemented initiatives, expected to result in $18 million of net annualized cost savings

* Postmedia Network Canada Corp - In quarter, revenue decline was primarily due to decreases in print advertising revenue and print circulation revenue Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below