Newcap Sees Revenues Rise 4% In Third Quarter

Results

NEWFOUNDLAND CAPITAL CORP. LTD. (NEWCAP) third quarter revenue rose 4% to C$43.1 million, credited to growth in ONTARIO as well as the purchase of stations in KAMLOOPS, BC.  Profit grew 6% to C$0.5 million; Adjusted EBIDTA increased 2% to C$0.3 million (up 10% excluding C$0.8 million in expenses related to a copyright fee recovery and restructuring costs).

"The Company had a successful third quarter, which made up for the challenging start to 2017 and positioned us for another successful year," said President/CEO ROB STEELE. "Our continued strong results have allowed us to reward our shareholders through a significant increase in our annual dividend."

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