The Toronto-based company attributed the rise in revenue to continued growth in its subscriber base.
It said its revenue increased to $68.9 million for the quarter ended Nov. 30., compared to $63.1 million in the first quarter of 2012.
TORONTO - Canadian Satellite Radio Holdings Inc. (TSX: XSR) reported a profit for the first quarter of 2013 on Monday niCanadian Satellite Radio Holdings turns profit in first quarter of 2013 satellite radioght,special education. turning around from the loss it saw a year earlier.
The company also said it had received a six-year broadcast license renewal from the Canadian Radio-television and Telecommunications Commission.
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The parent company of Sirius XM Canada Inc reported net income of $3.3 million in the first quarter of 2013 compared to a loss of $3.4 million a year earlier.
SiriusXM Canada broadcasts more than 120 satellite radio channels featuring sports, news, talk, entertainment and commercial-freesatellite radio music.
We have a stable recurring revenue stream and can clearly manage our costs without sacrificing growth. We remain confident in the companys ongoing financial strength,Stock Market Cat Shows Wealth Managers Whos Boss. operational efficiency and ability to grow free cash flow.
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CSR did not say how much revenue it expected to receive from the Chrysler Canada deal or how many radios it expects the automaker to install.
New Digistar projector will whisk planetarium audiences all over the solar system and around the universe
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It said Chrysler Canada would include pre-paid 12-month subscriptions to SiriusXM radio.
It said it had 2.2 million subscribers at the end of the first quarter of 2013, compared to just over 2 million subscribers a year earlier.
In the quarter,obese812.typepad.com.aduedu3302.typepad.com. we continued to demonstrate the strong cash generation capabilities of the business, which translated into the announcement of a special dividend and the initiation of a quarterly dividend, CFO Michael Washinushi said in a statement.
Earlier on Monday, the company said Chrysler Canada had agreed to ctory-install SiriusXM commercial-free satellite radios into an unspecified number of vehicles over the next five years.