North State Telephone Company Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 17, 2016 at 08:00 am EST
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%.