Indie producer DHX Media on Monday posted a lower first quarter profit, despite sharply higher revenues from producer fees, service production and its Wildbrain Entertainment division.
Halifax-based DHX, which produces and distributes mostly kids TV content, saw earnings for the three months to Sept. 30 fall to $318,000, against a profit of $429,000 in the same period of 2010.
Overall revenues came to $16.9 million, up 39% from a year-earlier $12.2 million.
First quarter production revenues for its own proprietary series came to $4.2 million, down 4% from $4.37 million in the first quarter of 2010.
DHX Media saw proprietary revenues from its Halifax office fall 30% to $995,000, while proprietary revenues at its Vancouver office plunged 69% to $610,000.
That collapse was offset by a 190% increase in proprietary revenues to $2.64 million at DHX Toronto.
The indie producer did not break out revenues from its Los Angeles office.
During first quarter 2012, DHX Media reported $6.4 million in producer and service-fee revenues, up 164% from a year-earlier $2.42 million.
And DHX Wildbrain, the animation studio, earned $4.27 million during the latest quarter, against a profit of $1.12 million last year.
On the distribution side, first quarter revenues fell 54% to $1.37 million.