North State Telephone Company Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 17, 2016 at 01:00 pm
North State Telephone Company reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported consolidated net operating revenue was $29.4 million, up 8%. Operating income was $1.9 million, up 5%. Net income was $2.3 million, up 15%. Earnings per share were $1.04, up 17%. Total strategic revenue of $19.9 million, up 16%, and 68% of NOR. EBITDA was $9.1 million, up 7% from the previous year.
For the nine months, the company has reported consolidated NOR of $85.9 million, up 18%. Total strategic revenue of $57.0 million, up 33%, and 66% of NOR. Operating income was $6.1 million, up 27%. Net income was $7.1 million, up 11%. Earnings per share were $3.13, up 12%.