Children’s entertainment company DHX Media has Q1 profit of $12.3 million

<p>HALIFAX – Children’s television producer and distributor DHX Media Ltd. (TSX:DHX) has increased its third-quarter revenue by almost 40 per cent to $12.3 million, helped by growth from licensing revenues.</p> <p>Net income was $400,000 for the quarter, compared with a loss of $500,000 in the same period last year, the Halifax company said Thursday.</p> <p>”We are pleased to report that DHX Media’s business continues to rebound, lead by growth in our licensing group,” chief executive Michael Donovan said in a news release.</p> <p>Earnings per share were a penny in the quarter, unchanged from a year ago.</p> <p>DHX Media bills itself as an international leader in television production and distribution, interactive content and entertainment licensing, with an emphasis on children, family and youth markets.</p> <p>It has offices in Toronto, Halifax, Vancouver and Los Angeles and the company is the producer or co-producer of more than 60 original TV series.</p> <p>TV series include “That’s So Weird,” “How to be Indie,” “This Hour Has 22 Minutes” and animated series “Kid vs Kat” and new preschool show “Rastamouse.”</p>