Newcap Revenue, Profit Up For First Quarter
May 3, 2016 at 5:55 AM (PT)
NEWCAP first quarter revenue rose 4% to C$36.9 million, attributed to growth in the TORONTO and OTTAWA markets. Profit rose 83% to C$4.6 million (9 to 16 cents/diluted share) behind a 15% rise in EBITDA to C$1.1 million.
"We are pleased with the growth in revenue and EBITDA this quarter, despite the challenging economic environment" said Pres./CEO ROB STEELE. "The Company's success is attributable to strong listener ratings and a continued focus on operating efficiently."