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Article: GRANITE ANNOUNCES A 12.8 PERCENT INCREASE IN NET REVENUE AND A 19.6 PERCENT INCREASE IN OPERATING CASH FLOW FOR THE SECOND QUARTER OF 1992
- Article from:
- PR Newswire
- Article date:
- July 27, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GRANITE ANNOUNCES A 12.8 PERCENT INCREASE IN NET REVENUE AND A 19.6 PERCENT INCREASE IN OPERATING CASH FLOW FOR THE SECOND QUARTER OF 1992
NEW YORK, July 27 /PRNewswire/ -- Granite Broadcasting Corporation (NASDAQ: GBTVK) today announced significantly higher levels of net revenue and operating cash flow for the second quarter and first half of 1992.
For the second quarter of 1992, Granite's net revenue was $9,801,000 compared with $8,685,000 in 1991, a 12.8 percent increase. Station operating cash flow (operating income before corporate, depreciation and amortization expense) for the three months ended June 30, 1992, was $4,407,000 compared with $3,682,000 in ...