Postmedia registers profit in Q4

According to a report by the Canadian Press, Postmedia reported a $40.3-million profit in its latest quarter.

Much of that profit came from the sale of its boosted Infomart business. Postmedia sold its Infomart business to Meltwater News Canada Inc. for $38.3 million.

The media company said Thursday the profit amounted to 43 cents per share for the quarter ended Aug. 31 compared with a loss of $99.4 million or 35 cents per share a year ago.