TVA Group has 18% profit increase in Q2 on flat revenue

TVA Group Inc., Quebcor Media's television and magazine publishing arm, saw a rise in second quarter profits by 18%, it has been reported. Net income of $15.2 million or 63 cents a share for the period ended June 30. That's up from year-earlier profits of $12.9 million or 49 cents a share. Operating income on the publishing side was flat at $3.3 million. TVA's total operating revenues were up a slight $500,000 to $111.5 million. The company declared a dividend of 5 cents, payable September 1.