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DHX Media hit by foreign exchange loss in latest quarter, raises dividend
HALIFAX – DHX Media Ltd. (TSX:DHX.A, TSX:DHX.B) raised its dividend Wednesday as it reported a loss in its latest quarter.
The children’s entertainment company says it will now pay a quarterly dividend of 1.8 cents per share, up from 1.6 cents per share.
The loss for the quarter amounted to $1.7 million or a penny per diluted share for the quarter ended June 30 compared with a profit of $3.7 million or three cents per share a year earlier.
Revenue in the company’s fourth quarter improved to $75.3 million from $71.2 million in the same quarter last year.
DHX said the loss was due to an unrealized foreign exchange loss attributable to the material effect the decline in the British pound over the Canadian dollar had on its foreign exchange exposure.
On Monday, DHX announced a deal with Amazon Prime Video in the United Kingdom and Germany to license more than three dozen of its shows.
The deal follows an earlier deal with Amazon Prime Video in the United States.
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