{"id":49210,"date":"2024-07-12T10:17:55","date_gmt":"2024-07-12T10:17:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/postmedia-reports-narrower-third-quarter-loss-as-parcel-revenue-grows\/"},"modified":"2024-07-12T10:17:55","modified_gmt":"2024-07-12T10:17:55","slug":"postmedia-reports-narrower-third-quarter-loss-as-parcel-revenue-grows","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/postmedia-reports-narrower-third-quarter-loss-as-parcel-revenue-grows\/","title":{"rendered":"Postmedia reports narrower third-quarter loss as parcel revenue grows"},"content":{"rendered":"
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Postmedia Network Canada Corp. posted a narrower net loss for its fiscal third quarter as its parcel business continued to grow on higher volumes.<\/p>\n

The company, which owns media properties across Canada including the National Post and Financial Post, said it recorded a net loss of $15.9 million for the three-month period ended May 31, down from a loss of $24.8 million in the same period a year ago. Lower restructuring expenses contributed to the improved figure.<\/p>\n<\/div>\n

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Overall revenue at Postmedia declined to $100.8 million, down 9.3 per cent from the same period a year ago. Advertising and circulation revenues declined by 12 per cent and 9.4 per cent, respectively, while parcel revenue rose by 10.8 per cent to $11.9 million.<\/p>\n

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