Astral Media Inc, which is waiting for regulators to rule on a revised proposal to be acquired by BCE Inc, reported a 9 percent rise in second-quarter profit on higher television revenue. The company, which creates and distributes television and radio content, said the outside date for the closing of the transaction is June 1, with the companies having the right to further postpone it to July 31.Net profit rose to C$38.3 million ($37.6 million), or 68 Canadian cents per share, from C$35.0 million, or 63 Canadian cents per share, a year earlier.Net earnings before acquisition and other costs, and Bell-Astral transaction costs rose 8 percent to C$41.2 millionConsolidated revenue rose 2 percent to C$237.1 million.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE remained unchanged at $46.39. In the past year, the shares have traded as low as $39.12 and as high as $46.78. On average, 811751 shares of BCE exchange hands on a given day and today's volume is recorded at 0.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 1.1% or $0.51/share to $47.01. In the past year, the shares have traded as low as $39.34 and as high as $47.48. On average, 1373070 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 0.
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