by Madhavi Acharya-Tom Yew

Torstar Corp., publisher of the Toronto Star, continued to post growth in its latest quarter despite a still-difficult economy and higher Canadian dollar, the company said Wednesday.

Revenue was $376.5 million for the second quarter ended June 30. That’s up $2.8 million compared with the second quarter of 2009.

Excluding the $12.4-million decrease from the stronger Canadian dollar, revenue was up $15.2 million, or 4.2 per cent in the quarter, the company said in a release.

Net income was $22.7 million, or 29 cents a share, up from a loss of $4.4 million, or 6 cents per share, in the year-earlier period.

“After a good start in the first quarter of the year we continue to be pleased with the results achieved in the second quarter,” president and chief executive David Holland told analysts on a conference call.

Link to original story.