Livent profits up in 1st quarter

TORONTO — Livent Inc., the Toronto-based live theater producer, earned more profit on less revenue in the first quarter.

The company said Wednesday that profit in the three months ended March 31 reached C$4.3 million ($3.1 million), up from C$1.7 million ($1.2 million) a year earlier. The gain is largely the result of a decline in operating costs. Revenue slipped to C$72.1 million ($52.8 million) from C$74 million ($53.2 million).

Three companies of “Show Boat” will play 18 North American cities this year, compared to five cities in 1996, the company said. A second company of “Ragtime” opens in Los Angeles at the end of the month; the first opened in Toronto in November.

Last week, Livent completed a public offering in Canada of 2 million common shares at C$13.75 a share to net proceeds of C$26.4 million ($19 million).

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Legit News from Variety

Loading