This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Newfoundland Capital earns $3.14-million in Q2 2009 2009-07-30 17:12 ET - News Release Mr. Robert Steele reports NEWFOUNDLAND CAPITAL CORPORATION LIMITED - SECOND QUARTER 2009 - PERIOD ENDED JUNE 30 (UNAUDITED) Newfoundland Capital Corp. Ltd. has released its financial results for the second quarter ended June 30, 2009.
Highlights -
Revenue has continued to show growth for the first six months of fiscal
2009. Consolidated revenue was $26.8-million in the quarter, on par
with 2008 and $49.4-million year-to-date, a 3-per-cent increase over last year.
While advertising revenue slowed during the second quarter, the company
is outpacing industry which has experienced negative growth in recent
months.
- Earnings before interest, taxes, depreciation and amortization
(EBITDA) were $6.2-million in the quarter and $9.3-million
year-to-date, $3.7-million and $3.5-million lower than the respective
prior periods due to lower investment income. Excluding investment
income, EBITDA was $5.2-million in the quarter, 23 per cent higher than the
prior year.
- Net income in the quarter was $3.1-million and $3.7-million
year-to-date, $3.0-million lower than the same periods last year
primarily due to lower investment income.
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