Toronto-based media company Alliance Atlantis Communications Inc. reported stronger results for its fourth quarter on Monday.
For the March quarter, Alliance reported net income of $3.3 million, or eight cents a share, compared to $1.3 million, or three cents, in the same period a year ago.
The company credited stronger revenue from its broadcast and motion picture units for improving its bottom line, as well as improved operating profits.
However, consolidated revenues were still down from last year due to weaker results from its entertainment group. Alliance has already announced plans to cut back the production schedule at the division.
Consolidated revenues fell during the quarter to $225.4 million from $238.3 million.
The earning report comes a week after Alliance Atlantis restated earnings downward for the last three years to reflect how it accounts for its interest in hit TV show CSI:Crime Scene Investigation and its spinoff, CSI:Miami.
The entertainment group includes the CSI franchise, which accounted for 55 per cent of the division's revenues during the fourth quarter compared to 15 per cent in last year's Q4.
For the full fiscal year, Alliance Atlantis reported a net loss of $18.8 million, or 44 cents a share, compared with a profit $27.5 million, or 69 cents, the year before due to non-cash provisions for investments and income taxes. Annual consolidated revenue slipped to $889.6 million from $912.8 million.