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Article: Regent Reports Third Quarter 2003 Results; Operating Income Up 22% on Net Broadcast Revenue Increase of 14%.
- Article from:
- PR Newswire
- Article date:
- November 7, 2003
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Regent Communications, Inc. announced today financial results for the quarter ended September 30, 2003.
For the third quarter of 2003, net broadcast revenues increased 14.1% to $21.4 million from $18.7 million reported for the third quarter of 2002. For the same period, station operating expenses increased to $14.5 million from $12.7 million. The Company reported net income of $2.1 million for the quarter, or $0.05 per share, compared with reported net income of $1.8 million, or $0.04 per share, in the same period last year.
For the first nine months of 2003, net broadcast revenues increased 21.6% to $59.5 million from $49.0 million reported for the ...