United Communications Partners Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017
United Communications Partners Inc. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net revenues were $14,098,000 compared to $13,021,000 a year ago. Profit from operations was $97,000 compared to $136,000 a year ago. Profit before taxes and minority interest was $293,000 compared to $142,000 a year ago. Profit available to common shareholders was $271,000 compared to $80,000 a year ago. Net cash generated from operating activities was $1,387,000 compared to net cash used in operating activities of $1,182,000 a year ago. Net disposal and purchase of equipment was $2,000 compared to $22,000 a year ago.