Corus Entertainment reported a net income of about 19.3 million Canadian dollars in its third fiscal quarter of 2024, marking a significant increase from the -495.1 million in the corresponding fiscal period of the previous year.
Quarterly net income of Corus Entertainment from fiscal 1st quarter 2013 to 3rd quarter 2024
(in million Canadian dollars)
Corus Entertainment operates on fiscal years that begins September 1 and ends August 31. For fiscal 2013, as a result of retroactive application of IFRS 11 - Joint Arrangements, the Company is no longer permitted to proportionately consolidate its 50% equity interest in the operations of TELETOON up to August 31, 2013 (i.e. prior to the business combination on September 1, 2013) and is required to account for its investment using the equity method of accounting. As a consequence, the Television revenues and segment profit for the year ended August 31, 2013 were reduced by $52.0 million and $19.0 million, respectively, and Corus’ share of TELETOON’s net income of $12.1 million was reported as Other expense (income) in the Consolidated Statements of Income and Comprehensive Income. The restatement did not change reported net income for fiscal 2013. Figures have bee rounded.
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Corus Entertainment. (July 15, 2024). Quarterly net income of Corus Entertainment from fiscal 1st quarter 2013 to 3rd quarter 2024 (in million Canadian dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/486076/corus-entertainment-quarterly-income/
Corus Entertainment. "Quarterly net income of Corus Entertainment from fiscal 1st quarter 2013 to 3rd quarter 2024 (in million Canadian dollars)." Chart. July 15, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/486076/corus-entertainment-quarterly-income/
Corus Entertainment. (2024). Quarterly net income of Corus Entertainment from fiscal 1st quarter 2013 to 3rd quarter 2024 (in million Canadian dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/486076/corus-entertainment-quarterly-income/
Corus Entertainment. "Quarterly Net Income of Corus Entertainment from Fiscal 1st Quarter 2013 to 3rd Quarter 2024 (in Million Canadian Dollars)." Statista, Statista Inc., 15 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/486076/corus-entertainment-quarterly-income/
Corus Entertainment, Quarterly net income of Corus Entertainment from fiscal 1st quarter 2013 to 3rd quarter 2024 (in million Canadian dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/486076/corus-entertainment-quarterly-income/ (last visited November 10, 2024)
Quarterly net income of Corus Entertainment from fiscal 1st quarter 2013 to 3rd quarter 2024 (in million Canadian dollars) [Graph], Corus Entertainment, July 15, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/486076/corus-entertainment-quarterly-income/
