DHX Media swung to a first quarter profit on sharply higher revenues, in part from growing distribution of its library to SVOD platforms.

Halifax-based DHX reported net income at $2.16 million for the three months to Sept. 30, compared to a net loss of $700,000 in the same period of 2012, as revenues doubled to $27 million, from a year-earlier $13.51 million.

The indie producer continues to drive earnings and revenue from growing distribution deals with international SVOD platforms.

“The increase in gross margin to 57 per cent of revenue was driven largely by distribution revenue from licences to digital content distributors,” DHX Media CEO Michael Donovan said in a statement Thursday.

The company said gross margin was up 182% to $15.26 million, or 57 per cent of revenues.