1 financial results for the first quarter ended march 31 2005 page 2 message to shareholders tva group reports net income of 9 million montréal may 6 inc nv b compared with 8 3 corresponding 2004 this decline in is due mainly impact on earnings our new television services and magazines by a higher rate tax resulting from decreased use future assets per share its part was 0 09 against 26 year earlier period ebitda see definition below 12 4 same posted company during are satisfactory given that they were adversely affected losses stemming making major investments whether through acquisition toronto launching products
